Moody's raises outlook of global reinsurance market

Moody's has raised its outlook for the global reinsurance market from negative to stable.

The rating agency justifies its decision by the surge in reinsurance prices which would increase profits by 2022.

The tariff increase is believed to be strongly related to the post-Covid-19 economic recovery and the increase in natural disasters’ loss experience. Both factors contribute to the rising reinsurance demand.