31 October 2023 Insurance

Calmer times are ahead for APAC after a tumultuous period

After a tumultuous 12 months characterised by multiple challenges for insurers, including rising reinsurance costs, escalating retentions and more stringent terms and conditions, the Asian market in particular has now been through a transition and calmer times are ahead.

That is how Vicky Carter (pictured), chairman of Global Capital Solutions, International, at Guy Carpenter, and deputy chair of Lloyd’s, describes the unique dynamics at play in the Asia-Pacific market—and what cedants should expect as the market moves towards the year-end renewal.

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