US P&C insurer profits to stabilise and ‘modestly improve’ in 2023: Fitch

12-12-2022

US P&C insurer profits to stabilise and ‘modestly improve’ in 2023: Fitch

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After a challenging year on many fronts, US property and casualty insurers could see their operating earnings stabilise in 2023 on the heels of “modestly improving” outlook amid rate increases, Fitch Ratings has suggested, noting that natural catastrophe risks will remain a prime source of uncertainty that bears monitoring, which carriers will approach conservatively in 2023.


Property, Casualty, Insurance, Fitch Ratings, Rate increases, Natural catastrophes, US, North America

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