According to the Swiss Re Institute, headline inflation is estimated to decline but stay elevated in 2023, to some extent alleviating upward pressure on claims compared to 2022. However, cost inflation in certain prices, such as labour and healthcare, may remain high.
Tag: Swiss Re Institute
Swiss Re: Insurance Can Help Bolster Cyber Resilience As Risks Evolve
John Coletti, Head of Cyber Reinsurance at Swiss Re, believes that efforts to combat cyber threats are never enough, and he outlines a number of steps insurers can take to strengthen cyber defense.
Global P&C Insurance Premiums Expected to More than Double to $4.3 Trillion by 2040: Swiss Re Institute
Global P&C premiums are expected to more than double to USD 4.3 trillion in 2040 from USD 1.8 trillion in 2020, as the P&C portfolio composition is expected to shift from lower-risk motor insurance towards higher-risk property and liability lines, according to Swiss Re Institute’s sigma study. More risk: the changing nature of P&C insurance… Continue reading Global P&C Insurance Premiums Expected to More than Double to $4.3 Trillion by 2040: Swiss Re Institute
Swiss Re Institute Estimates Global Insured Cat Losses at $31B in H1 2020
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were $75 billion, according to Swiss Re Institute’s preliminary sigma estimates. That was up from the $57 billion for the same period a year earlier, but well below the average of first-half economic losses of the previous 10 years ($112… Continue reading Swiss Re Institute Estimates Global Insured Cat Losses at $31B in H1 2020