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Home / Insurance / Double-digit interest rate hikes for cat reinsurance are expected: Fitch

Double-digit interest rate hikes for cat reinsurance are expected: Fitch



Disaster reinsurance rates are likely to rise by more than 10% during the year-end renewal, credit rating agency Fitch Ratings Inc. said on Monday. and the degree of difficulty are the main drivers behind the expected increases for renewals on January 1, Fitch said. Cyber-liability and reinsurance companies have also suffered losses, the company said in a comment on the sector.

"We expect 2022 to be the fifth year in a row of price increases, although we expect growth to be slower than 2021 because non- "Loss-affected industries are likely to show a broadly stable price trend," said Fitch.

Interest rate hikes make the reinsurance sector more resilient to the effects of climate change, Fitch said. [1

9659002] 19659002] "Recent price increases in the real estate industry are sufficient to compensate for the upward pressure on claims inflation as repair costs for homes or vehicles rise, while long-tailed accident lines will only begin to suffer in the event of a prolonged effect of multi-year inflation above expectations," Fitch said.


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