December 2002
Financial Executive;Dec2002, Vol. 18 Issue 9, p10
Academic Journal
The article reports on the outlook for the non-life insurance industry. According to reinsurance firm Swiss Re, insurance rates are expected to increase over the next few years because of market problems resulting from the September 11, 2001 terrorist attacks in the United States and from changes in coverage requirements since the year 2000. Losses in the stock market and in equity capital, which are affected by shifts in global markets and a drop in the number of AAA-rated-insurers, are also related to insurance rate increases and risk exposure.


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