Market Overview

KBRA Releases Research – Quarterly (Re)Insurance Insights Report: COVID-19, Cats, and Pricing


Kroll Bond Rating Agency (KBRA) releases its Quarterly (Re)Insurance Insights report in which we provide our views on key insurance and reinsurance industry trends in the U.S. life, U.S. property/casualty (P/C), and global reinsurance subsectors. Given rising infections rates in certain parts of the country, this report focuses again on the challenges and rating implications facing the industry, in particular life insurance, due to the ongoing coronavirus (COVID-19) pandemic. Additionally, this update highlights P/C pricing trends and the catastrophe season given the active hurricane season.

Overall, the life insurance industry so far generally appears to have well managed the impacts of COVID-19. In fact, for many insurers, initial assumptions have been worse than actual experiences to date. That said, many remain cautious and concerned about potential future infection spikes and the related implications for the economy and their businesses. There have been some business-positive responses to COVID that KBRA believes will persist even once the coronavirus is contained. In this issue, we examine the life industry's persistent concerns as well as the accelerated use of technology spurred by the pandemic. The P/C industry continues to see storm after storm, while premium rates generally continue to rise. In global reinsurance, KBRA expects the combination of increased losses and decreased investment income will further constrain reinsurer capital growth through year end, with reinsurers continuing to deploy their capital judiciously at the upcoming January 2021 renewals.

Click here to view the report.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.

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