Insurers rethink pricing as nat cat frequency and severity increases
Posted On: Mar. 21, 2023 10:02 AM CST![Market conditions](https://bicontent.businessinsurance.com/d167b5b5-089c-4758-b974-db4bab23d76e.jpg)
Ratings agency A.M. Best Co. expects French insurers and reinsurers to increase premium levels and decrease their risk appetite for natural catastrophes as the frequency and severity of weather-related events like wildfires, storms and droughts increases, Captive International reported. The Federation Francaise de l'Assurance has pegged its latest insured weather-related natural catastrophe losses estimates for 2022 at around €10 billion ($10.7 billion).