Morningstar DBRS, a financial services rating agency, maintains a positive outlook for the global non-life reinsurance (P&C) market.
See Also
Reinsurance CompaniesWhat's driving global reinsurance growth?Reinsurance Market Size To Hit USD 1,670.01 Billion By 2032The Benefits of Adding Reinsurance to Your Investment Portfolio - Delap Wealth AdvisoryAccording to the agency, reinsurers enjoyed strong profitability in the first quarter of 2024, thanks in particular to favourable market conditions, including higher reinsurance prices, fewer natural catastrophe claims and improved investment income.
For the current financial year as a whole, however, P&C reinsurance companies could face major challenges that could adversely affect their profits.
These challenges include the effects of climate change, interest rate volatility, geopolitical tensions and the global economic slowdown.
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