Reinsurance rates have been rising in the past few years after natural disasters such as hurricanes and wildfires, as well as from the impact of the COVID-19 pandemic
LONDON: Global reinsurance rates are likely to rise in the low to mid-single digit percentage range next year, Moody's analysts said on Tuesday.
Reinsurance rates have been rising in the past few years after natural disasters such as hurricanes and wildfires, as well as from the impact of the COVID-19 pandemic.
"We expect this (price) trend to continue," Moody's insurance credit analyst Helena Kingsley-Tomkins told a media briefing.
Moody's also raised the outlook on global reinsurers to stable from negative on Tuesday, citing rising premium rates amid a global economic rebound.
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