The insurance and reinsurance industry is likely to experience a “transition year” in 2021, as its recovery from the impacts of the COVID-19 pandemic continues, alongside reducing exposure to it from property and casualty (P&C) contracts, analysts at RBC have explained.
The analysts highlight that the threat to insurance and reinsurance markets, including insurance-linked securities (ILS), from the pandemic will run-off over the course of this year in P&C.
