Targeted increase in reinsurance rates

The increase in natural disasters' loss experience over the past two years is expected to impact the January 2020 renewals.

After several years of decreasing tariffs, an average rise of almost 5% could be applied for the next renewal. This is the scenario considered by the rating agencies Standard and Poor's and Fitch Ratings.

This trend reversal would involve the regions most affected by natural disasters. In California, rates are expected to grow by 30-70%.

Higher tariffs would improve the profitability of reinsurers which have been severely hit hard by falling rates and competition.

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