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Globally majority of those impacted by floods uninsured: Swiss Re

by AIP Online Bureau | Sep 2, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance

This year heavy rains have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India, while drought has put farmers’ harvests at risk across Europe Insured losses from floods doubled to $80 billion globally...

A former Swiss Re underwriter wins sex discrimination suit

by AIP Online Bureau | Aug 29, 2022 | International News, Non-Life, Policy, Reinsurance, Workplace/Employee Benefits

“We note the tribunal’s conclusions, and we are giving them full and careful consideration,” Swiss Re said in a statement. The firm “does not tolerate discrimination of any kind and is committed to providing an equal and inclusive workplace for all employee A former...
Swiss Re launches new insurance-linked investment advisory business, to focus  on CAT bonds

Swiss Re launches new insurance-linked investment advisory business, to focus on CAT bonds

by AIP Online Bureau | Aug 4, 2022 | International News, Non-Life, Reinsurance

Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC’s) investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, thus allowing investors the opportunity to access Swiss Re’s capabilities in catastrophe bond...
$35 billion of global insured losses from natural catastrophes in H1 2022: Swiss Re

$35 billion of global insured losses from natural catastrophes in H1 2022: Swiss Re

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Martin Bertogg, Head of Catastrophe Perils at Swiss Re Floods in South Africa as well as in India, China and Bangladesh further confirm the growing loss potential from floods in urbanized areas globally Martin Bertogg, Head of Catastrophe Perils at Swiss Re, said:...
Global insurance premium to surpass $7 trillion in 2022 for the first time: Swiss Re

Global insurance premium to surpass $7 trillion in 2022 for the first time: Swiss Re

by AIP Online Bureau | Jul 13, 2022 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance

Among top 10 markets, only three- France, Canada and India(10th largest)- have recorded positive growth in overall premium in 2021 Non-life premiums are forecast to rise by 7.1% in nominal terms in 2022, amounting to $ 4.1 trillion globally by the end of the year Life...
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