By Maomela Moahlodi - September 15, 2022
Reinsurers’ premiums to rise as inflation bites, say rating agenciesReinsurers are likely to raise premium rates in the next few months, given pressures from inflation, the war in Ukraine, climate change and capital market volatility, ratings agency analysts said yesterday.Reinsurance is also known as insurance for insurers or stop-loss insurance. Reinsurers such as Swiss Re, Munich Re and the Lloyd’s of London market help insurers share the risk of disasters in return for part of the premium.They have been raising rates in the past few years to recoup losses from natural catastrophes such as hurricanes and wildfires, the Covid-19 pandemic ...
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