Price hikes, low COVID-19 claims improve 2022 outlook for reinsurers
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U.S.-based Fitch Ratings Inc. said that outlook for global reinsurers for 2022 is improving with solid financial performances expected due to price hikes in a hardening market, lower COVID-19-related losses and a stronger recovery in economic activity, Asia Insurance Review reported. Fitch expects the aforementioned positive factors to offset the negative impacts of surging natural catastrophe claims, growing inflation, and poor investment returns.
