Reinsurance News
Moody’s news
News featuring rating agency Moody’s, including the latest reports, rating actions and analysis from the company, as well as news on Moody’s analysis of the reinsurance sector.
52% of reinsurers believe significant changes should be made to incorporate climate risk impacts: Moody’s
16th May 2023
2022 is the year that saw unprecedented progress in climate reporting regulation around the world. The significant developments in the last year mean that climate reporting will soon become mandatory in many jurisdictions. In the European Union, the requirements will take the shape of the European Sustainability Reporting Standards (ESRS). In ... Read the full article
RenRe collaborates with Moody’s to benchmark environmental risk impact in its underwriting portfolio
10th May 2023
RenaissanceRe has announced the company’s collaboration with Moody's Analytics to benchmark the environmental impact of risks within its underwriting portfolio. The initiative combines Moody’s sustainability and financial data, models, and analytics with RenaissanceRe’s underwriting and climate expertise to support and provide risk-taking capacity for its customers as they navigate the transition ... Read the full article
French insurers to face increased drought claims, a credit negative: Moody’s
10th May 2023
French property and casualty (P&C) insurers are currently facing credit negative increase in drought losses this year amid forecasts of prolonged warm and dry weather. On 24th April, the French meteorological service Meteo France said it saw a 50% chance of above-average temperatures in the summer of 2023. It also said ... Read the full article
Bitsight expands into integrated cyber risk management with Moody’s as partner
24th April 2023
Bitsight, a cybersecurity ratings company has announced its expansion into a broader category of integrated cyber risk management bolstered by an expanded partnership with Moody's Corporation and improvement to proprietary ratings algorithm. Bitsight's enhanced strategy will deliver new capabilities to empower security professionals and business leaders to more effectively and holistically ... Read the full article
European life insurers face potential losses from bond portfolio lapses: Moody’s
21st April 2023
A new report by Moody's highlights that European life insurers are at risk of significant unrealised losses on their bond portfolios due to higher interest rates. The risk of mass savings policy lapses, if customers switch to higher-yielding bank products, could force insurers to sell bonds at a loss, Moody's said ... Read the full article
Weakening of NZIA by antitrust fears hinders decarbonization plans: Moody’s
19th April 2023
Antitrust fears have weakened the Net-Zero Insurance Alliance (NZIA) and impacted the success re/insurers' decarbonization plans, Moody’s analysts stated in a recent report. In the last few weeks, global re/insurers Munich Re and Zurich announced their exit from the net zero alliance - which was launched by eight global re/insurers at ... Read the full article
Electric vehicles to drive up costs, pricing for auto insurers: Moody’s
19th April 2023
Electric vehicles, as they grow more popular, will drive up costs for auto insurers as they are difficult to repair and insurers are expected to raise pricing taking this into account, Moody's said in a report. US auto insurers have posted weaker earnings over the past two years due to deteriorating ... Read the full article
Autonomous vehicles will transform auto insurance in the coming decades: Moody’s
17th April 2023
Personal and commercial auto insurers will initially benefit from fewer accidents as the use of autonomous vehicles increase, however, they face long-term risks that will reduce the need for insurance in the coming decades, suggest analysts at Moody's. According to Moody's, vehicles with Level 2 autonomy (partial automation, with constant driver ... Read the full article
Moody’s reports negative trend in Belgian P&C insurance
13th April 2023
Moody’s Investors Service reports that its outlook for the Belgian property and casualty (P&C) insurance sector looks bleak, with high inflation to push up claims and operating expenses, while intense competition could hinder industry efforts to push through counterbalancing price increases, particularly in the motor segment. The rating agency concludes that ... Read the full article
UK L&H insurers to benefit from “booming” bulk annuity market in 2023: Moody’s
29th March 2023
Analysts at Moody's have suggested that the UK's Life & Health insurers will continue to benefit from sustained bulk purchase annuities (BPA) growth at still attractive margins in 2023 and beyond. According to the analysts, BPA transfers have strengthened insurers' earnings in the past, and are set to help offset lower ... Read the full article
Life insurers facing unrealized losses due to pace of interest rate rises: Moody’s
20th March 2023
A report from Moody’s Investors Service has suggested that while the increase in interest rates within the last year has been positive for life insurers in Europe, the fast pace of the increase means that a majority of insurers are now sitting on significant unrealized losses in their fixed income ... Read the full article
2017-22 losses a “wake-up call” to better assess climate risk, Moody’s Rahnama
16th March 2023
The record global natural catastrophe losses between 2017-22 are a “wake-up call” for the industry to “better assess, manage, and transfer” the risks of future climate-related events, saids Mohsen Rahnama, Chief Risk Modeling Officer and Executive Vice President, Models and Data of Moody's RMS. Writing in the Moody's RMS Catastrophe Review ... Read the full article
Persistent inflation key threat for European insurance CFOs: Moody’s
3rd March 2023
Inflation is the key concern for European insurance Chief Financial Officers (CFOs) followed by a downbeat economic outlook and market volatility, a Moody’s survey has revealed. CFOs from 22 leading European insurance firms participated in the survey, which also found that insurers are changing their investment plans and use of excess ... Read the full article
Stronger capital driving positive outlooks for credit insurers, says Moody’s
1st March 2023
A report from Moody's Investors Service says that trade credit insurers, which insure sellers against the risk of non-payment, are well placed to cope with an anticipated increase in claims in the months ahead as global economic growth begins to slow. The firm notes that although the sector has expanded its ... Read the full article
Reinsurers to benefit from improved underwriting and investments in 2023, says Moody’s
28th February 2023
Analysts at Moody's expect the supply and demand imbalance in the global reinsurance market to persist amid a continuation of strong pricing, while credit conditions will also be supported by improved investment income on the back of rising interest rates. Moody's maintains its stable outlook for the global reinsurance sector in ... Read the full article
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