Swiss Re Projects Rising Insured Losses from Natural Disasters

Swiss Re AG ( (CH:SREN) ) has shared an announcement.

Swiss Re Institute projects that global insured losses from natural disasters could rise to USD 145 billion by 2025, with peak years potentially seeing losses of USD 300 billion or more due to primary hazards like hurricanes and earthquakes. The reinsurance industry, with a capital base of USD 500 billion, plays a crucial role in mitigating these risks by providing risk transfer, data, and risk analyses, as well as supporting risk awareness and prevention efforts. The increasing severity of natural disasters, driven by factors such as economic growth, population sprawl, and climate change, underscores the importance of effective protective measures and collaboration between public and private sectors to manage rising insurance costs and maintain the viability of the risk transfer business.

More about Swiss Re AG

The Swiss Re Group is a leading global provider of reinsurance, insurance, and other insurance-based risk transfer solutions, with a focus on enhancing global resilience. The company manages a wide range of risks, including natural disasters, climate change, aging populations, and cybercrime. Founded in 1863 and headquartered in Zurich, Swiss Re operates through a network of approximately 70 offices worldwide.

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