Reinsurance and insurance markets are changing rapidly. Insurers around the world have become increasingly sophisticated in managing their capital and risks. Consolidation, evolving solvency regulation and the spread of enterprise risk management are driving a trend of centralized re/insurance buying by insurance companies and large corporations, tailored to enable growth and steer group-wide
risk appetite across all types of risks.
Behind the excitement created by the leading emerging markets such as Brazil, India or China, there is a group of "frontier markets" which have a promising outlook for economic growth and offer attractive long-term potential for insurers. Swiss Re's latest <i>sigma</i> study looks at 21 frontier markets such as Nigeria, Ecuador, Vietnam and Azerbaijan. It provides an outlook for premium growth and an overview of the economic fundamentals which will lead to increased demand for insurance in these countries. The report also looks at the individual features of each market, covering topics such as impending regulatory changes and the influence of external factors such as regional trade agreements.Download
According to the latest <i>sigma</i> study, global insured losses from natural catastrophes and man-made disasters in 2015 were USD 37 billion, well-below the USD 62 billion average of the previous 10 years. There were 353 disaster events last year. Of those, 198 were natural catastrophes, which is the highest number in one year, according to <i>sigma</i> records.Download
Underinsurance of property risks is a global challenge. Much of the protection gap is due to uninsured global natural catastrophe risk, which has been rising steadily over the past 40 years. Swiss Re’s sigma data show that total economic losses from natural disasters have averaged around USD 180 billion annually in the last decade,
with 70% (USD 127 billion, or USD 1.3 trillion in total over the 10 years) of that uninsured. Earthquakes, floods and windstorms are the main perils, particularly in areas of high population and property value concentrations.
In 2014, there were 336 disaster events. Of these, 189 were natural catastrophes, the highest ever recorded, and 147 were man-made disasters. More than 12700 people lost their lives or went missing in the disasters.Download
Gemäss der neuesten sigma-Studie fielen die versicherten Schäden aus Natur- und Man-made-Katastrophen 2013 weltweit mit 45 Mrd. USD wesentlich niedriger aus als im Vorjahr (81 Mrd. USD). Von den versicherten Schäden waren 37 Mrd. USD auf Naturkatastrophen, insbesondere Hagelstürme in Europa und Überschwemmungen in verschiedenen Regionen, zurückzuführen.Download