(MENAFN) Reinsurer Swiss Re, involved in mega-deals on natural disaster coverage is branching out on its own to do tailored schemes to boost returns.
Moreover, this tailor-made approach is part of its response to fierce competition in the reinsurance industry, where firms are being forced to find new ways to make money.
Recently, up to 20 percent of the reinsurance market is occupied by alternative providers, insurance industry experts' estimate.
Additionally, insurance rating agency AM Best has estimated USD75bn in alternative or convergence capital entered the business in 2016.
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