Global property and casualty (P&C) insurance premium rates have stabilized after several years of consistent increases across various business lines, according to a report by CreditSights.
In the commercial sector, the growth of premium rates has either leveled off or slowed down. Expectations for reinsurance rates indicate they will remain flat or potentially decrease slightly in 2025. However, the pricing landscape is still anticipated to deliver attractive returns for insurers.
In the United States, the retail home and auto insurance markets have faced challenges due to inadequate pricing amid rising inflation, social cost pressures, and heightened catastrophe (CAT) losses. Conversely, retail premium rates in Europe are generally deemed adequate, with the exception of Germany. There, the combination of inflation and a high frequency of claims is driving the need for additional rate increases.
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