Swiss Re News
U.S. Property Reinsurance Rates Rose Nearly 50% for Some on Jan 1
U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re
Global insured losses from severe thunderstorms have hit a new all-time high of $60 billion in 2023, with overall natural catastrophe claims surpassing $100 million, ...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, ...
Rising Claims Costs Limit U.S. P/C Profitability in 2023
While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in 2024, as premium increases and interest rates improve industry results. According to ...
Why Hurricane Costs Keep Rising Even as Building Codes Get Tougher
Despite efforts to reduce vulnerability to catastrophic weather events such as Hurricane Ian, rapid population growth and increased storm frequency have driven loss expectations even higher, ...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims
A first-of-its-kind study has revealed that autonomous vehicle technology reduced bodily injury claims frequency by 100 percent and property damage claims frequency by 76 percent. Global reinsurer ...
Tech Bytes: New Partnerships at Swiss Re, Insurity, Insurance Quantified
One Concern, an artificial intelligence powered physical risk company, and Swiss Re, a global reinsurance leader, announced a strategic partnership that aims to enhance the underwriting and ...
S&P Sees Improved Outlooks for Munich Re and Swiss Re
S&P Global Ratings affirmed the ratings of the two biggest global reinsurers this week, Munich Re and Swiss Re, also revising the outlooks for both of them. For Munich Re, S&P affirmed its ...