Swiss Re sigma report News

Coronavirus Erodes Countries’ Economic Resilience; Global Insurance Gaps Widen

The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 from 2019 levels as stimulus packages deplete countries’ fiscal and monetary buffers around the world. At the same time, the combined global protection gap for …

Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re

Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during the same period last year, according to Swiss Re Institute’s sigma estimates. Natural catastrophes accounted for US$28 billion of H1’s …

Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re

Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma report. Moreover, the pandemic …

Emerging Mkt Infrastructure Projects to Bring Premiums of $50B in Next Decade: Sigma

Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will invest US$2.2 trillion in infrastructure annually over …

Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re

Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather risks uninsurable, according to a …

Data Driven Business Models to Affect Entire Insurance Value Chain: Swiss Re Report

Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, said the latest sigma report published by Swiss Re. This is leading to …

Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re

Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual average (US$75 billion) of the previous 10 years, according to preliminary sigma estimates from Swiss Re Institute. During the year, …

Insurance Premiums to Grow 3% Despite Economic Slowdown: Swiss Re

Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising lost costs will fuel the moderate but steady increase, the …

Asia Market Drives Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re

Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from property/casualty insurance expansion in China and other …

Insurance Industry Must Wake Up to Costs of ‘Secondary’ Catastrophe Perils: Swiss Re

The insurance industry must wake up to the growing cost of “secondary” catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses during 2018, according to Swiss Re Institute’s latest …