According to Swiss Re Institute’s preliminary sigma estimates, extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves, and a major hurricane, resulted in annual insured losses from natural catastrophes estimated at $105 billion, the fourth highest since 1970. While Hurricane Ida was the most expensive natural disaster in 2021, winter… Continue reading Global Insured Catastrophe Losses Rise to $112 Billion in 2021: Swiss Re
Tag: Sigma report
SIGMA: Global Insurance Industry to Recover to Pre-COVID-19 Crisis Levels in 2021
The insurance industry is set to overcome this year’s COVID-19-induced global economic recession, the latest Swiss Re Institute’s sigma says. The sharpest economic contraction since the 1930s will lead to a slump in demand for insurance in 2020, more so for life products, with global premiums expected to contract by 6%, than for non-life covers… Continue reading SIGMA: Global Insurance Industry to Recover to Pre-COVID-19 Crisis Levels in 2021
Insurance Markets Will Grow Despite Weakening Global Economic Growth: SIGMA
Insurance markets continue to support resilience, with global premiums forecast to increase by 3% annually in real terms in 2020 and 2021, despite a slowing world economy. In its latest sigma, “Sustaining resilience amid slowing growth: global economic and insurance market outlook 2020/21,” Swiss Re Institute (SRI) forecasts US and euro area growth next year… Continue reading Insurance Markets Will Grow Despite Weakening Global Economic Growth: SIGMA