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Beyond reinsurance, utilizing property improvement insights empowers carriers to price more competitively, underwrite more efficiently and lower loss ratios across the board. 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.

The reinsurance sector’s credit profile is strong, supported by very strong capital adequacy, robust risk management and generally solid business profiles, Fitch says.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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