SCOR bullish on P&C rate hardening as it absorbs COVID-19 shock

09-09-2020

SCOR bullish on P&C rate hardening as it absorbs COVID-19 shock

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French reinsurer SCOR Denis Kessler is bullish on the property/casualty (P&C) market outlook with "faster than expected profitable growth prospect" as COVID-19 drives higher demand and solid pricing dynamics. The company said that it is "very positive" on the new and supportive P&C reinsurance market conditions as it absorbs the impact of the COVID-19 crisis. SCOR Global P&C expects to deliver stronger growth than expected for 2021, translating to an estimated gross written premium growth of +11 percent at constant exchange rates, and its combined ratio trending down to 95 percent and below. On the life side, the company expects strong growth from the Asia Pacific region. The carrier is anticipating COVID-19 and the persisting low yield environment to act as additional catalysts to...


SCOR, 2020 Results, Property & Casualty, Insurance, Reinsurance, Coronavirus, Denis Kessler, Europe

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