USA - Reinsurance prices to stabilize homeowners rates
Wednesday, 04 19 2017, Category: Insurance and Reinsurance, Country: United States
Rising loss cost inflation among U.S. homeowners insurers is expected to result in shrinking margins for the group throughout 2017, but large rate increases may be fended off thanks to the stabilising effect of cheaper property reinsurance.
Higher severity losses in the U.S. homeowner insurance market, excluding the impact of catastrophes, have driven loss cost inflation higher for the sector, according to analysts at Keefe, Bruyette & Woods.
The analysts estimate that fourth-quarter 2016 loss cost inflation hit 6.3%.
Source: Reinsurance News