Reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices will start to fall in 2025, Fitch Ratings analyst Robert Mazzuoli told Reuters on Thursday.
Reinsurers – who insure insurers – have pushed up rates in recent years in response to the COVID-19 pandemic, war, inflation and climate change-fueled natural catastrophes, boosting their profitability.
