Insurers’ profitability to remain lower than cost of capital
Data analysis: General insurers are adjusting rapidly to the new higher interest rate era ushered in by the most intense monetary policy tightening since the 1980s but profitability is unlikely to soar back to pre-pandemic levels imminently.
Swiss Re Institute has predicted 2023 will be a transition year, with improving profitability for non-life insurance globally, as the industry continues to adapt prices to an elevated risk landscape
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