However, reinsurance premiums have more than doubled, and in many cases a higher retention (claims borne by the insurer before reinsurance starts to pay out) also applies. We are now seeing delays in payouts and some litigation around liabilities. This may look untidy, but it may also be inevitable in such a complex situation.
BIS Review 36/2010  7  Conclusion In conclusion, the twin challenges of boosting Canadian productivity and of implementing the G-20 framework globally are daunting. But the gains are considerable. Now is not the time to rest on our laurels or to take an open global economy for granted. The Bank is committed to tackling these important issues.