The marketing strategy of reinsurance companies in Singapore

The reinsurance companies throughout the world have been experiencing very disheartening operating results for the past few years. Besides facing very stiff competition among themselves, they have also been hit by a series of natural catastrophes. The intense competition has brought about inadequate...

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Bibliographic Details
Main Authors: Chan, Mei Fong, Un, Wai Lin, Wong, Poh Lueng
Other Authors: Nanyang Business School
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/55555
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Institution: Nanyang Technological University
Language: English
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Summary:The reinsurance companies throughout the world have been experiencing very disheartening operating results for the past few years. Besides facing very stiff competition among themselves, they have also been hit by a series of natural catastrophes. The intense competition has brought about inadequate pricing for their products and the effect had been coupled with very huge claims due to natural catastrophes. As a result, most of the reinsurers are either making losses or in the very best, only managing to maintain thin profit margins.