The Philippines: Insurance penetration rises to 1.79%

Fitch Ratings has reported that property and casualty (P&C) reinsurance has reached peak profitability, with a record low average combined ratio of 81.5% for Europe’s big four reinsurers.This “reflects healthy attritional performance and a low natural cat loss ratio for all reinsurers as market conditions remain favourable.”Reinsurers benefitted from a combination of factors, including the continu