MONTE CARLO–Rating agencies here said the reinsurance industry outlook is generally stable despite downward pressure on pricing.

Peter Grant, director, with Standard & Poor’s in London, said that with a combined ratio of 90 percent and persistent discussion of downward pressure on pricing, often in the range of 5 to 10 percent, “you add 3 to 6 percentage points for claims inflation and you can see how easy it is for the industry to go from a banner year to a disappointing performance.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.