The global reinsurance sector is repeating its cyclical nature and is expected to face more difficult business conditions in 2027. In our "Global Reinsurance Highlights 2026," we examine the sustainability of recent performance trends and explore the broader developments shaping the industry. We also address the pressing challenges facing reinsurance executives, investors, and other key stakeholders.
In our lead article, “Global Reinsurance Sector View 2026: Reinsurers Face Balancing Act,” we cover the primary tailwinds and headwinds for reinsurers, along with the core drivers behind our stable view on the global reinsurance sector. We take a closer look at sector rating trends, earnings prospects, capital adequacy and stress testing results, AI adoption and readiness, pricing dynamics, investments trends, and exposure to tail risks, including natural catastrophes and geopolitical events.
In “Scenario and Sensitivity Analysis: Global Reinsurers Keep Natural Catastrophe Exposure Under Control,” we analyze how reinsurers have continued to increase their exposure to natural catastrophe risk, although growth has moderated in line with broader exposure trends and softening pricing conditions over 2026-2027. Despite these developments, reinsurers generally maintain strong earnings and robust capital buffers, leaving them well positioned to absorb severe stress events.
In “Soft Market, Hard Reality: Cyber Insurance Is At An Inflection Point,” we explain why we expect reinsurers to remain the backbone of insurers' ability to transfer cyber risk. We also discuss potential scenarios for the cyber insurance market in light of rising risk exposure and declining premium rates.
“Credit FAQ: Assessing The Rise Of P/C Insurance Sidecars” highlights the differences between casualty sidecars and traditional sidecar structures, and how we assess their risks and potential credit implications.
