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Life reinsurance - Europe and Asia will drive future growth as the US stays flat.
(From Reinsurance)
MG: Will the reinsurance segment of the life market grow in the next five years as much as it has in the past five? Why?
WB: I guess you will have to reflect the regional distinctions:
In the US, we are seeing major companies significantly increasing their retentions for new business. Therefore we believe that the life reinsurance market will shrink in terms of new business, but at the same time grow in terms of total in-force business (and reinsurance premiums paid).
In other markets, mainly in Europe, Australia and Asia, the progressing expansion of the underlying life markets - especially the protection markets - ...
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