Magazine date:
Feb 2011 The reinsurers' strong level of capitalization, the large capacity offered and the absence of major catastrophic claims have helped to ease the terms and conditions of reinsurance for the non-life class of business. This led the rates to fall by 10%.
Business covering natural catastrophes has suffered tariff declines of 5% to 10%. For, fire, accident, general and professional third party liability, they were renewed with a slight decrease (-5%). The workmen's compensation's covers have been renewed on stable terms or with reductions not exceeding 10%.