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International

Profitability to recover as rate hikes stay above claims inflation

November 17, 2022 Reprints

Analysts at Goldman Sachs Group Inc. said that insurance pricing is currently above claims inflation, which should help insurers return to profitability in 2023, Reinsurance News reported. The analysts noted that rate hikes in the commercial property and casual lines have continued to cover claims inflation and manage losses.

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5. Chinese drone maker suffers major data breach
6. Inflation drives 10% increase in sum insured for windstorms

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Profitability to recover as rate hikes stay above claims inflation

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