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Profitability to recover as rate hikes stay above claims inflation

Posted On: Nov. 17, 2022 9:22 AM CST

Market conditions

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.