"No significant growth expected in insurance & reinsurance: Munich Re"

The big guys are putting their efforts into governments and supranational orgs. If they can get the product mandated it would be a dream come true.
From Artemis:

Over the next few years reinsurance giant Munich Re does not expect any
significant growth in insurance or reinsurance demand, the company’s
Board said today, which suggests that with the excess capital sloshing
around the market