AM Best: negative outlook for the German non-life insurance market
AM Best has maintained its negative outlook for the German non-life insurance market.
The rating agency noted that insurers are facing a number of factors that are severely impacting their underwriting profitability, including inflationary pressures and a competitive operating environment.
AM Best also mentioned the high level of natural catastrophe claims, leading to volatility in insurance companies' results.
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Tue, 26/12/2023 - 10:28
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