ART and Self Retention Remain Relevant as Insurance Market Appetites Wane in Wake of Spate of NatCats & Capacity Reduction
26 September 2013
Changes in the insurance industry have sparked renewed interest in Alternative Risk Transfer (ART), a method of protecting business assets by making use of non-traditional methods available in the insurance market. Furthermore, there is a growing need to develop real Alternative Risk Transfer (ART) solutions for large corporates, not only in terms of the changed accounting and tax environment, but the volatility of the insurance market following a spate of recent natural catastrophes that have substantially altered the approach to risk acceptance by conventional insurers.