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.
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