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International

Nat cat losses to weaken profitability for New Zealand P&C insurers

March 09, 2023 Reprints

According to Michael Vine, insurance analyst at S&P Global Ratings Inc., losses resulting from natural catastrophes will squeeze margins and weaken profitability for New Zealand property and casualty insurers this year, Asia Insurance Review reported. Rising reinsurance prices and claims inflation are expected to further squeeze P&C insurers’ profitability.

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Nat cat losses to weaken profitability for New Zealand P&C insurers

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