Reinsurance Sector in Uruguay to Evolve Robustly: Ken Research

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Reinsurance Sector in Uruguay to Evolve Robustly
Ken Research
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Ken Research has announced its distribution on,
Reinsurance in Uruguay, Key Trends and
Opportunities to 2020 which provides a detailed
scrutiny of the market trends, drivers and
challenges in the Uruguayan reinsurance
segment. The report presents an in-depth market
analysis, information and insights into the
Uruguayan reinsurance segment and a complete
outline of the Uruguayan economy and
demographics. It includes values for the key
performance indicators such as written premium,
reinsurance ceded and reinsurance accepted during
the review period and forecast period.
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Rules and regulations for the reinsurance segment
are regulated by the superintendencia de serguros
y reaseguros (SSR, superintendence of insurance
and reinsurance) under the guidance of central
bank of Uruguay (BCU). The non-life insurers are
expected to cede more premiums, so as to mitigate
the losses from natural disasters, which will
generate business for reinsurers. In 2015, as a
part of strategic expansion in Latin America the
reinsurance brokers Cooper Gay Swett Crawford
launched COOPER GAY URUGUAY in Montevideo. Urugua
yan insurance companies are free to reinsure
their risks with local or foreign reinsurance
companies. Uruguay doesnt have any reinsurance
company and the companies which are covering the
risk in Uruguay are of a foreign origin.
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On February 2010, all the foreign reinsurance
firms who wish to cover local risks do not have
to file or register with any govt. agency.
Foreign company attribute toward international
risk ratings which should be equal or greater
than two or more inconsistent ratings and the
lowest rating will be considered. The ratings
must have been issued by one of the following
international risk rating agencies Standard
Poors International Ratings LLC Fitch
Ratings Moodys Investor Services or A.M. Best.
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• Therefore by year 2020, the reinsurance market in
  Uruguay is expected to be well developed and be
  making huge profits thereby planning for further
  expansion based on rising dependence on
  reinsurers. And due to rise on dependence on
  reinsurers Uruguay in future may have a reinsurer
  company of its own origin.
• Key Topics Covered in the Report
• Uruguay non life insurance industry
• Uruguay general insurance industry
• Insurance industry in Uruguay
• Uruguay non life insurance market analysis
• Uruguay non life insurance sector future outlook
• Uruguay non life insurance competitive landscape
• Uruguay reinsurance market research
• Reinsurance industry Uruguay
• Uruguay reinsurance industry future outlook

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