Rating agency Moody’s Investors Service is the latest to forecast a continuation of reinsurance pricing trends, with more rate momentum predicted and additional hardening at the January 2023 renewals.
Moody’s believes that the pressures facing reinsurance firms are set to persist, while concerns over losses and climate change will also accentuate the desire for higher rates.
As a result, favourable market conditions are expected for global reinsurance firms, which will also read-across positively to insurance-linked securities (ILS) funds and other alternative capital providers.
