Swiss Re estimates $200bn US cat reinsurance demand to grow 10%-15% by 2024
Swiss Re estimates approximately $200bn of catastrophe reinsurance demand in the US and anticipates an increase of 10%-15% between 2023-24, driven by climate and demographic change alongside inflation.
Reinsurers are starting to see this demand come through from personal lines, where valuations are being updated to match “the true rate of inflation”, according to a Swiss Re report on the state of the reinsurance property catastrophe market...
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