Premium rates to continue to decline amid soft pricing: Fitch
Posted On: May. 22, 2017 4:00 AM CSTA report by U.K.-based Fitch Ratings Ltd. predicts continued soft rates for the global insurance industry this year, Vanguard reported. The soft pricing is driven by a continued over supply of capital, sluggish reinsurance purchasing and several years of below-average catastrophe claims, despite catastrophe losses rising to their highest level in 2016 since 2012, the report said.