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Insurers' losses to continue despite rate hikes

Posted On: May. 29, 2019 6:38 AM CST

Financial losses

U.S.-based Moody's Investors Service Inc. said that top Japanese insurers are likely to continue posting underwriting losses despite increasing fire insurance rates, Asia Insurance Review reported. Moody's said that profitability will remain stagnant for the business fire insurance segment due to the lack of pricing amid increasing competition.

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