Munich Re’s 1st half results seem to indicate that maybe reinsurance rates are finally firming. The world’s largest reinsurer posted a 15 percent increase in gross premium revenues for the period to €15.2 billion ($12.85 billion), exceeding analysts expectations. Growth was recorded in all sectors.
The Financial Times noted that more than half of Munich Re’s income is generated outside of the euro zone, and that the currency’s present weakness, therefore increased this segment of earnings. Nevertheless the company upped its forecasts for the full year, and now expects to increase gross premiums for the year by 9 percent from 6 percent.
Topics Trends Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
3 Big Questions Facing FEMA With Kristi Noem Out 
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges 
Study: AI May Be Tempering Insurer Hiring 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
