Tag: Swiss Re

Disasters Caused Total of $122 Billion in Insured Losses in 2022: Swiss Re

ZURICH—Hurricane Ian and other natural catastrophes have caused an estimated $115 billion of insured losses so far this year, well above the 10-year average of $81 billion, Swiss Re estimated on Thursday. Natural and man-made disasters did economic damage of $268 billion, of which $122 billion was covered by insurance, making 2022 one of the…


Global Non-Life Premiums to Rise 10 Percent Above Pre-Pandemic Levels This Year—Swiss Re

BERLIN—Reinsurer Swiss Re said it expected non-life insurance premiums to rise 10 percent above pre-pandemic levels by the end of 2021 and increase further the following year, driven in part by a growing need for protection against the impact of climate change. The company’s research arm said it expected non-life insurance would hit $6.9 trillion…