Focus: Central processing is crucial for the European run-off market

All the signs point to Europe experiencing increased activity in run-off. The live market is undoubtedly feeling the competitive and regulatory pressure, which is increasing, with IFRS 17 introducing additional strains. Meanwhile, a cauldron of insurtech start-ups and new competitors is creating a heady atmosphere for investors but is potentially a threat to the traditional players. As a result, insurance carriers are honing their strategy – what is their niche and what is the line of business they want to write?