Swiss Re Warns of $300bn Catastrophe Year
Reinsurer Swiss Re highlighted escalating catastrophe losses, rising secondary perils, and growing overlap between natural disasters and social unrest at its pre-Baden-Baden reinsurance meeting press conference.
Swiss Re warned that the global insurance market could face its first $300bn year of insured catastrophe losses due to extreme weather, urban exposures, and social instability.
The global insurance market could soon face its first $300bn year of insured catastrophe losses.
Author's summary: Swiss Re warns of rising catastrophe losses.
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