News Coronavirus watch12 May 2020

Global insurance to see no profits until 2021

| 12 May 2020

Fitch Ratings expects that technical profits won't be seen until the second half of 2021 as a result of the effects of the coronavirus pandemic, according to a report released last week. This is despite the fact that insurance rates have been steadily rising for the past nine consecutive quarters due to large catastrophe loses and accelerating claims inflation.

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