by AIP Online Bureau | Feb 17, 2023 | International News, Non-Life, Reinsurance
“2022 was a challenging year, marked by the war in Ukraine, surging inflation, the tail end of the COVID-19 pandemic and elevated natural catastrophe losses. We have focused on addressing these challenges proactively,” Chief Executive Christian Mumenthaler...
by AIP Online Bureau | Jan 16, 2023 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Reinsurance, Wealth Management/ Philanthropy
India will become the sixth largest insurance market in the world in terms of premium volume by 2032, up from 10th largest in 2021 Life insurance profitability in India to benefit from rising interest rates. Pandemic-related claims continued to impact life insurers’...
by AIP Online Bureau | Dec 20, 2022 | Articles, Eco/Invest/Demography
Jérôme Haegeli, Group Chief Economist “A slower and more cautious phase of the central bank policy rate hiking cycle has begun amid inflation peaking, financial stability concerns and inflationary recessions on the horizon. Still, the overall direction remains...
by AIP Online Bureau | Dec 9, 2022 | International News, Reinsurance
Swiss Re’s Chairman of the Board of Directors Sergio P. Ermotti said: “We are delighted to attract two outstanding professionals for election to our Board of Directors. Vanessa Lau and Pia Tischhauser bring strong expertise in financial services and proven...
by AIP Online Bureau | Dec 1, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
2022 is the second consecutive year in which the estimated insured losses total more than $100 billion, continuing the trend of a 5–7% average annual increase over the past decade The re/insurance industry covered roughly 45% of the economic losses this year,...
