PartnerRe expects growth of the reinsurance demand in Romania
PartnerRe, an extremely active reinsurance company in CEE, estimates a continuous
growth for the reinsurance demand in Romania given the expected growth in
insurance penetration.
"Romania is a Cat-prone market. With the expected growth in insurance penetration
and values, we can expect further concentration of Cat exposures in certain peak
zones. This will of course continue to stimulate demand for reinsurance",
Emmanuel CLARKE, Head of Property & Casualty, PartnerRe, has declared for
XPRIMM Publications.
"Our strategy in Romania is consistent with our approach to all markets:
provide adequate risk solutions to our clients through solid relationships based
on mutual transparency and interest", PartnerRe's official added.
According to Emmanuel CLARKE, there are plenty opportunities on the Romanian
market: penetration growth compounded with economic dynamism, product development
and sophistication, EU accession and its related implications.
Thus in this dynamic development period, the official believes that "one
of the key challenges for market participants is to stay on the right track
with respect to risk management and return expectations".
The reinsurance company PartnerRe supports as Official Partner the 2008
edition of FIAR - International Insurance and Reinsurance Forum - taking
place in Sinaia, May 19-23.
In its 11th edition, FIAR is considered to be the most important European
Spring B2B event dedicated to the insurance market. It is renowned for its
significant international participation and is recognized as a key event
by insurers in Central and Eastern Europe.
Author: Andreea IONETE
on 16.04.2008
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