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Dark Forecast From Swiss Re: Insured Damages Are Unstoppable Towards the $200 Billion Mark
Summary by Versicherungswirtschaft-Heute
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Climate change, inflation and unstoppable urbanization drive the costs of earthquakes, hurricanes and forest fires to astronomical heights worldwide. However, while the damage is rising rapidly, the insurance industry is withdrawing from the extreme risk areas. According to Swiss Re Institute, the result is a gigantic, unsecured financial gap of $424 billion. In the case of insured disaster damage, the experts expect a doubling by 2030. Swiss Re…
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