News - Markets & trends

Munich Re anticipates higher reinsurance rates on European markets

Global reinsurer Munich Re anticipates to see continued market hardening in Europe to accompany January 2022 renewals, while the major losses and inflation indicate more pricing discipline. "Due to the character of risks like natural catastrophes, COVID-19, and rising cyber-attacks, the role of reinsurance is increasingly transcending risk transfer", as the German reinsurer mentioned in a statement.

New opportunities for Russian insurers in ESG

ESG and sustainability have gained huge attention within Russian media and politics in recent months, argues Gepa Jansen, Operational Leader Team Russia & CIS at Swiss Re in the following article. Read her opinion oin the opportunities that ESG brings to the Russian insurance market.

New Care Models: Insurers to move to a business model developing longstanding partnerships with customers as well as players in the health and care ecosystem

The last report "New Care Models: How insurers can rise to the challenge of older and sicker societies", which is a product of the Health & Ageing work stream of The Geneva Association, co-sponsored by Thomas BUBERL, CEO of AXA, and Michel KHALAF, CEO of MetLife, explores innovations in the planning, purchasing and delivery of health services.

Aon: German and Chinese insurers confronted with the costliest natural disasters on record

Extreme precipitation in mid-July resulted in the costliest European flooding event on record, and the deadliest in nearly 30 years, reads the Global Catastrophe Recap report released by Aon. Only in Germany, the official death toll listed at 197, while direct damage was anticipated at about USD 20 billion, of which up to USD 6.5 billion insured losses.