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,...
by AIP Online Bureau | Nov 7, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The market has significant growth potential beyond these projections. Given estimates of annual global cyber losses at around $ 945 billion, roughly 90% of the risk remains uninsured, said Swiss Re Jérôme Haegeli, Swiss Re Group Chief Economist: “As cyberattacks...
by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “The first nine months of this year were marked by a confluence of events affecting Swiss Re’s financial performance: from turbulence in the financial markets, to an increase in...
by AIP Online Bureau | Oct 18, 2022 | International News, Non-Life, Reinsurance
Swiss Re estimates the preliminary total insured market loss from Hurricane Ian at USD 50–65 billion Swiss Re’s P&C business reported and normalised combined ratios were affected in the third quarter by an increase in small- to mid-sized claims, partly...
by AIP Online Bureau | Oct 13, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Paul Murray, CEO Reinsurance Asia at Swiss Re India is vulnerable to weather risks and its adaptive capacity for climate change is low when measured against the Swiss Re Institute’s Climate Economics Index, which ranks India 45th (out of 48 markets), with only...
