Hurricane Ian pushes 2022 cat losses to $115 billion

“2022 has been another year of increased natural catastrophe loss activity, and demand for insurance is growing as the protection gap remains vast,” said Thierry Léger, group chief underwriting officer at Swiss Re. “To enable the insurance industry to keep up with increasing volatility and demand, it will be key to model evolving frequency and severity trends. Pricing needs to reflect the effective risk. In this complex environment, Swiss Re is ready to support clients with our strong balance sheet, risk capacity and expertise.”

Hurricane Ian was 2022’s most expensive natural disaster, with estimated preliminary insured losses between $50 billion

Read More>>