Sid Ghosh, a vice president and senior analyst at Moody's Investors Service, sat down with PC360 to discuss two new reports on the new U.S. tax law and its consequences for the property and casualty industry.

A major conclusion from the reports asserts that the overall benefit from the new tax law is credit positive for U.S.-based insurance companies, which Moody's analysts say will boost profitability for many of these firms, particularly those that have been paying high effective tax rates.

The reports also conclude that the effects of the new tax law will make companies more competitive with their international competitors.

Check out the video above for Ghosh's more detailed analysis, and for the full tax law reports, visit Moody's website.

Related: How climate change risks outweigh opportunities for P&C insurers (Video)