Fitch: Severe floods could add 5 pts to German carriers’ combined ratios
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Fitch: Severe floods could add 5 pts to German carriers’ combined ratios

Rachel Dalton
20 July 2021
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GERMANY-WEATHER-FLOODS-STORMS

The extreme flooding in Germany could deteriorate the combined ratios of German non-life insurers by as much as 5 percentage points, according to Fitch.

The ratings agency noted that the insured losses from the flooding were likely to be Germany’s highest for a natural disaster since the widespread flooding in 2002, which generated claims of EUR4.5bn

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News Claims and losses
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Rachel Dalton
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