The Fitch report says there is mounting evidence climate change is affecting insurance claims, and will continue to do so in 2020. (Photo: Shutterstock)
Fitch Ratings asserts the outlook for the global reinsurance sector in 2020 is stable. In their report, "Fitch 2020 Outlook: Global Reinsurance," Fitch says it expects premium rates will continue to rise slightly, but profitability will remain subdued as risk-adjusted prices and investment yields remain low amid a weak global economic outlook.
The reinsurance sector's credit profile is strong, supported by very strong capital adequacy, robust risk management and generally solid business profiles, Fitch says.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
