- Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.
- Catastrophe losses are rising sharply and pricing is softening, leading to a market decline in the business insurance sector.
- Catastrophe losses are clustering in time and space, challenging the premise of risk diversification within the global reinsurance industry.
Swiss Re presented findings at an industry meeting, using Maria, Harvey, and Irma as examples of cluster risk.
1 report, 1 independent
Updated Sep 14
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Swiss Re presented findings at an industry meeting, using Maria, Harvey, and Irma as examples of cluster risk.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Monte Carlo
municipality of Santa Catarina state, Brazil
Nothing else this week.