Farm Insurance :: News
SHARE

Share this news item!

Risk Appetite Surge Among Reinsurers Post-Pricing Shift

Risk Appetite Surge Among Reinsurers Post-Pricing Shift

Risk Appetite Surge Among Reinsurers Post-Pricing Shift?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The appetite for natural catastrophe risk among reinsurers has notably risen following strategic pricing adjustments and program refinements, a recent report by S&P Global Ratings reveals.

According to S&P Global Ratings, these reinsurers have been encouraged by revised pricing mechanisms and elevated attachment points, resulting in a notable uptick in risk exposure among leading market players. The ratings agency's latest insights point toward a significant recalibration of risk appetite largely influenced by these pricing structures.

"There's been a pronounced willingness to embrace greater natural catastrophe risk due to recent pricing recalibrations," the S&P report states. "We observe a marked increase in risk uptake among major reinsurers as they leverage corrected pricing and program adjustments."

Interestingly, a smaller segment of reinsurers have chosen to either scale back or maintain their existing exposure levels. This contrasting approach is often dictated by longer-term strategic frameworks aimed at business diversification and underwriting stability.

"For some, the strategy is rooted in long-term business diversification and minimizing underwriting volatility," the report elaborates.

These insights from S&P Global Ratings set the stage for the forthcoming Rendez-Vous de Septembre in Monte Carlo, scheduled for September 7-11. This annual event will likely witness discussions influenced by recent market shifts and reinsurance strategies.

Source: Original insights were derived from S&P Global Ratings' report.

Published:Wednesday, 4th Sep 2024
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Insurance News

Queensland Farmers' Market Threatened with Eviction Over Insurance Dispute
Queensland Farmers' Market Threatened with Eviction Over Insurance Dispute
23 Apr 2026: Paige Estritori
In a developing situation in south-east Queensland, the Three Creeks Farm Stall, a popular farmers' market operating in Eileen Hose Park near Gympie, is facing potential eviction due to a dispute over public liability insurance requirements imposed by the Gympie Regional Council. - read more
Record Surge in Insurance Complaints Due to Claim Processing Delays
Record Surge in Insurance Complaints Due to Claim Processing Delays
23 Apr 2026: Paige Estritori
Recent data from the Australian Financial Complaints Authority (AFCA) reveals a significant increase in complaints against insurance companies, with an average of 100 complaints per day. This surge is primarily attributed to delays in processing everyday claims, affecting both home-building and motor vehicle insurance sectors. - read more
Climate Change Contributing to Rising Home Insurance Premiums in Australia
Climate Change Contributing to Rising Home Insurance Premiums in Australia
23 Apr 2026: Paige Estritori
Insurance Australia Group (IAG) has released a report indicating that climate change is increasingly influencing the rise in home insurance premiums across Australia. The report highlights that the frequency and severity of extreme weather events, such as severe storms and hailstorms, are escalating, particularly in densely populated regions. - read more
WFI Insurance Highlights Significant Drop in Farm Liability Claims
WFI Insurance Highlights Significant Drop in Farm Liability Claims
30 Mar 2026: Paige Estritori
WFI Insurance has reported a notable decrease in farm liability claims across most categories, signaling a positive trend in safety practices within the Australian agricultural sector. - read more
Australian Farmers Confront Rising Insurance Premiums Amid Climate Challenges
Australian Farmers Confront Rising Insurance Premiums Amid Climate Challenges
22 Mar 2026: Paige Estritori
Australian farmers are currently grappling with a significant surge in insurance premiums, with increases ranging from 20% to 40%, depending on the insurer. This escalation is primarily driven by the rising frequency and severity of natural disasters, coupled with a contracting underwriter market and escalating costs of goods and services. - read more
Widespread Rural Crime Exposes NSW Farmers to Repeated Victimisation
Widespread Rural Crime Exposes NSW Farmers to Repeated Victimisation
22 Mar 2026: Paige Estritori
A recent survey conducted by WFI Insurance in collaboration with the University of New England (UNE) Centre for Rural Criminology has unveiled alarming statistics regarding rural crime in New South Wales. The findings indicate that over 90% of NSW farmers have encountered criminal activities on their properties, with approximately 30% reporting being targeted seven or more times. - read more



Farm Insurance Articles

Essential Coverage vs. Optional Add-ons: Balancing Protection and Costs
Essential Coverage vs. Optional Add-ons: Balancing Protection and Costs
For Australian farmers, having the right insurance coverage isn't just a safety net—it's an integral part of sustaining their livelihood. Natural disasters, unpredictable climate conditions, and the inherent risks of agricultural production underline the critical importance of robust insurance for the agricultural community. As farmers navigate the complexities of insurance, understanding the basics becomes the first step toward securing their assets and ensuring the continuity of their operations. - read more
Income Protection for Farmers: Ensuring Stability Through Tough Times
Income Protection for Farmers: Ensuring Stability Through Tough Times
The world of farming is one filled with uncertainties. Weather conditions, market prices, and various other factors can create a highly volatile income stream for those within the agricultural sector. This unpredictability can lead to financial instability that impacts not only the farmers themselves but also their families and the larger rural community. - read more
Livestock Insurance for Aussie Farmers: What You Need to Know
Livestock Insurance for Aussie Farmers: What You Need to Know
Livestock farming is a significant part of the Australian agriculture industry. As with any business, farmers face numerous risks such as disease, death, theft or extreme weather events, which could cause damage or loss to their livestock assets. Livestock insurance provides cover against these risks, ensuring that farmers are financially protected from any potential financial losses, which could devastate their livelihoods. - read more
The Farmer's Handbook to Quick and Effective Insurance Claims
The Farmer's Handbook to Quick and Effective Insurance Claims
Insurance is a vital part of safeguarding any farming operation. As a farmer, protecting your property, equipment, and livelihood from unexpected events like natural disasters, theft, or accidents is crucial. Adequate insurance coverage ensures that you can recover quickly from setbacks without enduring overwhelming financial strain. - read more
What You Need to Know About Crop Insurance for Your Farm
What You Need to Know About Crop Insurance for Your Farm
Farming is a risky business. As a farmer, you are at the mercy of the weather, pests, and other challenges that can threaten your crops and your livelihood. That’s where crop insurance comes in. Crop insurance can provide financial protection in case your crops are damaged or destroyed, allowing you to recover from losses and move forward with your farm business. - read more
Agribusiness Risk: Liability Issues Facing Australian Farmers Today
Agribusiness Risk: Liability Issues Facing Australian Farmers Today
The agricultural sector in Australia carves a significant portion of the country's economy, contributing to its GDP and providing employment across rural and suburban areas. Thus, navigating the complexities of agribusiness is not just a matter of crop cultivation and livestock management, but also of understanding the intricate web of liability risks that come with the terrain. - read more

Need a Quote?
Start your free farm insurance quote comparison here.
Farm Type:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.


Knowledgebase
Insurance Underwriter:
An insurance company, a financial institution that sells insurance.