2023 will be a ‘transition year’ for non-life insurers’ profitability: Swiss Re
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2023 will be a ‘transition year’ for non-life insurers’ profitability: Swiss Re

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Swiss Re expects a “transition year” of improving profitability for non-life insurers in 2023, partly due to the benefit of higher interest rates which far outpaces the increased cost of capital.

While this will result in a much-needed improvement, the reinsurer noted in its latest Sigma report that most P&C insurers are likely to still miss their cost of capital targets.

“This

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