does reinsurance allow higher limits
Reinsurance Supported Innovation. The global insurance market is now highly competitive in almost every sector of the industry. Insurance for personal and commercial lines in most developed nations is a mature industry. Product innovation has had little noticeable impact on industry premiums. Very few truly new. insurance products have been added to the industry landscape and 2010 and 2011 appear to be. headed for net decreases in industry-wide premiums for core non-life premiums.