Standalone health premiums surged 31.7%, outpacing the broader market as rising medical costs and expanding healthcare coverage continued to drive demand
Industry underwriting profits jumped 34% year-on-year as property lines recovered from catastrophe losses, while cyber led premium growth and motor remained profitable.
Low insurance take-up should cap insured losses, but the event may add scrutiny to the net retention strategy cedents have pursued in response to rising reinsurance costs.
