Reinsurance News
Bloomberg Intelligence
Premiums don’t reflect higher claims cost of electric vehicles: Bloomberg
24th February 2023
A new report from Bloomberg Intelligence suggests that, despite charging on average 12% more to provide cover for electric vehicles, auto insurance premiums in the UK still do not account for the much higher claims cost of electric vehicles. Analysts estimate that repairing damaged electric vehicles can cost 53% more than ... Read the full article
P&C insurers revenue recovery sees boost from rising rates: Bloomberg
17th February 2023
Trends at Europe’s largest insurers illustrate an upward movement in commercial pricing which is set to continue, albeit at a slower pace, suggests a report from Bloomberg Intelligence. The report states that European P&C insurers’ results will provide further evidence of increased pricing as the industry responds to inflation-driven raw material ... Read the full article
Bloomberg says European P&C insurers to struggle on portfolio returns
6th December 2022
A senior analyst at Bloomberg Intelligence says that European P&C insurers may struggle to register positive returns on their portfolios. Speaking on a Bloomberg Intelligence, Matthew Palazola, senior analyst for P&C insurance, spoke about the current challenges in the US and European P&C markets. He said: “Many European insurers have struggled to ... Read the full article
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