Sid Ghosh, a vice president and senior analyst at Moody'sInvestors Service, sat down with PC360 to discuss two new reportson the new U.S. tax law and its consequences for the property andcasualty industry.
|A major conclusion from the reports asserts that the overallbenefit from the new tax law is credit positive for U.S.-basedinsurance companies, which Moody's analysts say will boostprofitability for many of these firms, particularly those that havebeen paying high effective tax rates.
|The reports also conclude that the effects of the new tax lawwill make companies more competitive with their internationalcompetitors.
Check out the video above for Ghosh's more detailed analysis,and for the full tax law reports, visit Moody's website.
|Related: How climate change risks outweigh opportunities forP&C insurers (Video)
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