Magazine date:
Jul 2023 
Standard & Poor's (S&P) has upgraded its outlook for the global reinsurance market [4] from negative to stable.
The rating agency based its decision on the higher reinsurance rates for the 2023 renewals and the increase in companies' investment income.
The covid-19 pandemic, the Russian-Ukrainian war, inflation and the high frequency of natural catastrophes are among the factors that have prompted reinsurers to raise their prices.
S&P expects reinsurance rates to rise again in 2024. This surge would be driven by the heavy losses associated with natural catastrophes.