A survey by global reinsurance broker Guy Carpenter suggests that executives are increasingly accepting of alternative reinsurance capital sources.
The survey, carried out at the Property Casualty Insurers Association of America, aims to identify the key drivers and threats to profitable growth in the insurance and reinsurance industry.
Participants were asked several questions regarding the issues that would affect their business in 2014.
This is the second year that Guy Carpenter has carried out the survey.
In 2012, when executives were asked what sources of reinsurance capital they intend to use in the coming year, 78 percent of respondents said that they would use traditional reinsurance vehicles, while 16 percent percent said that alternative sources of reinsurance capital would be their chosen method of risk transfer.
This year the figure was 2 percent higher.
A spokesman for Guy Carpenter said that the survey is “a continuing demonstration of the increase in prevalence and appetite for alternative capital sources and vehicles in the market”.
