Hurricane Harvey highlights magnitude of insurance protection gap, according to Aon outlook report
The report finds that a significant proportion of the unprecedented flood losses generated by Hurricane Harvey in
Meanwhile, the first half of 2017 saw a renewed surge of capital into the reinsurance sector, raising the total capital available to a record level of
The Reinsurance Market Outlook report reveals that major reinsurers continued to produce solid results in the first half of 2017, driven by a relatively benign loss environment and stabilized investment returns. It also highlights the competitive impact of a surge in alternative capital at the mid-year renewals.
Based on preliminary figures, and prior to the impact of Hurricane Harvey, insured losses for the first eight months of 2017 totaled
The Reinsurance Market Outlook –
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