Monday’s expected launch of Citizens Property Insurance Corp.’s Property Insurance Clearinghouse in Florida will “moderately increase” private- and capital-market reinsurance demand and should “modestly help” lower the last-resort insurer’s policy count, according to Fitch Ratings.

According to a Citizens statement, “On Monday, four private companies will begin offering policies to new applicants for homeowners coverage as part of Citizens’ measured rollout of the clearinghouse system authorized by state lawmakers in 2013. Over the next five months, additional participating private-market insurers will be added to the list of approved-Florida companies able to offer property insurance to Citizens applicants.”

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