AIR+20 Sep 2022

Riskier outlook for non-life as inflation persists

| 20 Sep 2022

Insurance sector outlooks in several markets around the world could move to 'deteriorating' if high inflation and rising interest rates persist beyond latest forecasts said Fitch in a new report. Such inflation could persist throughout the next year. The agency said in Asia Pacific, the conservative economic scenario entails inflation remaining materially above the 2017-2021 average throughout 2023. It expects to change several Asia Pacific insurance sector outlooks to 'deteriorating' under the conservative economic scenario.

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