Disaster risks are increasing but insurance hasn’t kept pace: the estimated USD 1.3 trillion gap between insured and total losses remains stubbornly large, hampering a country’s ability to recover Governments are uniquely exposed as they typically shoulder the cost of … Read the full press release →
Posted in Financial, Insurance, Switzerland
Tagged financial preparedness, IMF in Lima, Michel M. Liès, Swiss Re, World Bank
Total economic losses from disaster events reached USD 37 billion in H1 2015 Insured losses from disaster events were USD 16.5 billion in H1 2015 Natural catastrophe-related insurance claims were USD 12.9 billion in the first six months of the … Read the full press release →
Strong Group net income of USD 1.4 billion and ROE of 16.1%, driven by profitability across all Business Units and strong investment results Property & Casualty Reinsurance net income of USD 808 million and ROE of 22.7%, reflecting sound underwriting … Read the full press release →
Posted in Business, Financial, Insurance, Management, Switzerland
Tagged David Cole, Michel M. Liès, Swiss Re
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