Nat cat losses to weaken profitability for New Zealand P&C insurers
Posted On: Mar. 9, 2023 9:52 AM CSTAccording 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.