Zurich Insurance expects rising prices to boost delivery on targets

Zurich

ZURICH Insurance on Wednesday confirmed its 2017-2019 financial targets, saying an expected improvement in insurance pricing following recent natural catastrophes would boost its ability to deliver on its goals.

"The targets announced last year anticipated a weakening market trend," chief executive Mario Greco said ahead of its investor day in London. "The recent events are a reminder of rising risk costs, and we expect that the impact of the events will lead to an improving price trend. This will further boost our ability to deliver on the targets for 2017-2019."