Swiss Re: Reinsurance sector critical amid $300bn loss risk, says Swiss Re

With the potential for 'peak year' insured losses to exceed $300 billion, the Swiss Re Institute has emphasised that the reinsurance sector, supported by $500 billion in capital, is crucial for absorbing large shocks. While losses from secondary perils remain substantial, Swiss Re noted in a new report that primary perils, such as hurricanes and [...]The post Reinsurance sector critical amid $300bn loss risk, says Swiss Re appeared first on ReinsuranceNe.ws.