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Moody's has stable outlook for global P&C insurers, cites premium growth

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Moody's has stable outlook for global P&C insurers, cites premium growth

Moody's has a stable outlook for the global property & casualty insurance sector as growing premiums and strong capital levels offset pressures from the prolonged interest rate environment and raising claims.

The rating agency noted that emerging markets like China could see strong growth because P&C penetration rates as a percentage of GDP in those countries are lower than North America and Europe, Dominic Simpson, vice president and senior credit officer at Moody's, said in a statement.