Reinsurers must boost efficiency to spur demand: Sapnar

Reinsurers need to create partnerships, build platforms and
ultimately boost productivity if the industry is to boost demand
and shrink the protection gap, TransRe president and CEO Mike
Sapnar has claimed.Speaking at The Insurance
Insider's pre-Monte Carlo briefing earlier today,
Sapnar pointed to the low percentage of economic losses covered by
insurance following Hurricane Katrina and Superstorm Sandy, which
stood at just 27 percent and 33 percent respectively.Taking a Hurricane Harvey econom