Property cat rates need to increase 50% to offset rising claims costs: EY
Reinsurance News - Dec 22, 2022
Next year will be a challenging time for home and motor insurers. At the same time, consultancy EY has suggested that property catastrophe reinsurance rates need to increase by 50% in 2023 to help combat climate change impact and restore profitability. Ben Reid, UK Head of Specialty Insurance at EY,...
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