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.
Climate change has a net negative credit impact on P&C industry: Moody’s
16th March 2018
Climate change creates significant challenges for the property and casualty (P&C) re/insurance industry, posing risk management and financial risks which account for a net negative credit impact on the sector, according to a recent Moody's report. "The effects of climate change on the frequency and severity of catastrophic events are difficult ... Read the full article
European Commission’s sustainable plans support investment for re/insurers: Moody’s
14th March 2018
The new sustainable finance plans proposed by the European Commission (EC) will stimulate investment, help to manage sustainability-related financial risks, and foster transparency and long-term decision making in financial and economic activity for re/insurers in the European Union (EU), says ratings agency Moody’s. Moody’s notes that the EC outlines three main ... Read the full article
Moody’s predicts consolidation and technology will drive industry’s future
12th March 2018
Moody’s has predicted in a recent report that industry consolidation is likely to continue at the scale observed since 2015, and that emerging technologies will transform the insurance and reinsurance business model and create new opportunities. Although it concedes there are fewer obvious targets or combinations for consolidation than in previous ... Read the full article
European insurers’ financial leverage levels increase in reversal of 8 year trend: Moody’s
8th March 2018
Favourable refinancing conditions have driven an increase in financial leverage levels of large European insurers to an average 25% in a reversal of the eight year de-leveraging trend that began in 2009, Moody's said in a recent market update. Financial leverage has been in decline from its 2008 peak of 32.8%, ... Read the full article
Insurers in the Gulf Cooperation Council region face moderate credit risk: Moody’s
5th March 2018
Insurers in the Gulf Cooperation Council (GCC) countries will face moderate credit risk over the next 12-18 months due to muted economic growth driven by low oil prices and relatively high exposure to volatile investment assets, according to Moody's. Low range-bound oil prices have reduced insurance growth potential as a result ... Read the full article
Reinsurers’ set for profitability gains in 2018: Moody’s
2nd March 2018
Reinsurers are set for a promising year of increased profitability driven by price increases during annual policy renewals and lower capital levels following 2017's significant underwriting losses. Moody's expects significant catastrophe losses in 2017 to prompt further price increases in 2018, as already seen at the January 1st, 2018 renewals season. Many ... Read the full article
UAE insurers’ profits surge, reports Moody’s
2nd March 2018
In a recent report, Moody’s Investors Service noted that listed insurance companies in the United Arab Emirates saw a surge in aggregate profits in 2017 due to recently introduced regulatory changes that helped push up prices. 2017 saw the aggregate profit of the 29 listed insurers in the UAE rise 46% ... Read the full article
Storm Friederike to deal a blow to German insurers’ earnings
5th February 2018
German P&C insurers' earnings have been dealt a blow by Storm Friederike's estimated insured losses of around EUR 1 billion, presenting a headwind for its 2018 earnings which are already constrained by low-interest rates, according to a Moody's Investor Service report. Based on this estimate, analysts believe losses could translate into ... Read the full article
Jan 1st reinsurance price increases a good and positive start for reinsurers: Moody’s
8th January 2018
Reinsurance price increases at the January 1st, 2018 renewals season are "a good start for the reinsurance industry," and, combined with efforts to lower operating costs, should lead to improved combined ratios for global reinsurance players, according to Moody's Investors Service (Moody's). Citing Willis Re's 2018 reinsurance renewals report, which states ... Read the full article
Focus on fee-based products drives stable 2018 life insurance sector outlook: Moody’s
28th December 2017
Despite the prolonged low-interest environment, Moody's Investors Service has revised its global life insurance industry outlook for 2018 to stable from negative, driven mainly by a transition toward fee-based solutions. The financial services rating agency explains that a shift towards fee-based solutions mitigates earnings pressure from low-interest rates, but does warn ... Read the full article
Asia Pacific insurance outlook stable for 2018, set for growth: Moody’s
20th December 2017
Moody's outlook for the Asia Pacific insurance sector for 2018 is stable, with re/insurance growth led by China driving demand and steady economic momentum across the region as a whole. With insurance penetration rates in most Asian economies still low, long-term demand for life insurance will be driven by the region's ... Read the full article
U.S. property & casualty personal insurance outlook stable for 2018: Moody’s
14th December 2017
The U.S. property and casualty (P&C) personal insurance industry has been given a stable outlook for 2018, with carriers’ strong capitalisation and adequate earnings capacity having offset losses from a heavy catastrophe year. "Insurers' risk management and capital resources are holding up well against Hurricanes Harvey, Irma and Maria, and the ... Read the full article
French P&C sector faces headwinds: Moody’s
8th December 2017
Moody's outlook for the French P&C insurance sector remains negative as intense competition causes further downwards pricing pressure and investment income suffers from low interest rates. Overall, P&C combined ratios are expected to remain at 100%, or break even, and motor insurance is forecast to remain unprofitable at the underwriting level, ... Read the full article
Moody’s stable on global reinsurers, buyers anticipate price hardening
8th December 2017
Moody's Investors Service holds a stable outlook for global reinsurance companies despite the impacts of third-quarter catastrophe losses, citing strong capital positions and the expectation of price hardening. Global reinsurers are expecting price hardening at the upcoming renewals in light of Q3 catastrophe losses that are estimated to reach around $100 ... Read the full article
European insurance sector adapting to low interest rate environment: Moody’s
24th November 2017
Rating agency Moody's outlook for the European insurance sector is stable in light of improving economic growth, financial market stability and the willingness of industry participants to adapt their products. In a recent report discussing the European insurance sector in 2018, Moody's highlights s number of headwinds that will continue to ... Read the full article
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