Swiss Re

Swiss Re | July 19, 2018

The flood peril is much more fluid and wide-reaching than boundaries on a flood map might suggest. It’s almost a year since Hurricane Harvey dumped record rainfall on the city of Houston, leaving countless properties submerged in murky waters. Many homeowners in the city never thought such a tragedy would happen to them. “Lots of property owners have an understanding of flood risk that’s just too narrow,” said Matt Junge, senior treaty underwriter, property &a...

Swiss Re | July 18, 2018

Swiss Re Corporate Solutions has published a new study exploring the implications of collision risks for satellites in low-Earth orbits (LEO). The number of active satellites in orbit is set to multiply over the next decade, and lower orbits are becoming increasingly crowded and littered with debris. Orbital debris already makes up more than 90% of the tracked objects orbiting the planet today, the study found....

Swiss Re Ltd | July 05, 2018

Global property/casualty premiums increased by 2.8% to $2.2 billion in 2017, down from a rate increase of 3.3% in 2016 and just above the 10-year average of 2.1%, Swiss Re Ltd. said Thursday in a report. The Swiss Re Institute’s recent sigma report, World Insurance in 2017, said the results are largely due to lower growth in emerging markets, particularly in China. Property/casualty premiums increased by 1.9% in advanced markets in 2017, up slightly from 1.7% from 2016 and well above the 1...

Swiss Re | July 05, 2018

Global insurance premiums went up by 1.5% to nearly US$5 trillion in 2017, following a 2.2% increase in 2016, it has been revealed today. Global non-life premiums rose by 2.8% and global life premiums went up by 0.5%, but both showed slower growth than in previous years, according to the latest Swiss Re Institute sigma study....