Property-casualty insurance rates will remain adequate to sustain the industry for the time being despite downward pressure, said a report from Swiss Re economists today.
Such pressure will result in the industry combined ratio rising five points this year to 97, company experts said in a conference call this morning.
Thomas Holzheu, economist for the Zurich-based company, said that while rate adequacy along with terms and conditions are still good in most segments, the growing capital strength of the industry could put pressure in that area.
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