PwC predicts strong M&A activity in insurance broker sector

Analysts at U.K.-based audit firm PricewaterhouseCoopers LLP expect mergers and acquisition activity in the insurance and reinsurance sector to slow due to inflationary and interest rate challenges, however, this will create opportunities for more attractive deals, Reinsurance News reported. For insurers and reinsurers specifically, PwC highlighted the problem of premiums lagging behind inflation rates, particularly in the property and casualty space where companies face strong product pricing challenges.