Life insurers may keep more business on their own books, but they are unlikely to reduce use of reinsurance to the levels seen in the early 1990s.[@@]
Weldon Wilson, chief executive of Swiss Re Life & Health America, New York, gave that assessment today at a year-end review.
Life cession rates have fallen to 57% today from 61% in 2002, but there are a number of potential growth areas for reinsurers, Wilson said.
Annuities and universal life insurance products are example of growth products, Wilson says.