Reinsurers’ set for profitability gains in 2018
Saturday, 03 03 2018, Category: Insurance and Reinsurance, Country: World
Reinsurers are set for a promising year of increased profitability driven by price increases during annual policy renewals and lower capital levels following 2017’s significant underwriting losses.
Moody’s expects significant catastrophe losses in 2017 to prompt further price increases in 2018, as already seen at the January 1st, 2018 renewals season.
Many reinsurers have entered 2018 with less capital than in previous years after absorbing last year’s record-level underwriting losses.