WTW Report Predicts Competitive Trends in Reinsurance Market

The WTW Power Market Review highlights the anticipated competitive pricing in property and business interruption sectors due to the absence of larger losses in 2023 and 2024. The international liability market is experiencing intensified competition with a slight increase in capacity leading to downward pressure on rates. This has resulted in stabilization within the market. The report emphasizes the growing demand for environmentally-conscious investment portfolios, despite inherent risks associated with emerging technologies. Furthermore, the transition towards a renewable-heavy power grid is placing demands on existing transmission infrastructure, raising concerns about potential bottlenecks as generation assets become more distant from load centers.