After another year of more than $100 billion of insurance and reinsurance industry losses from natural catastrophes in 2023, and with no major influx of fresh capital, the hard market environment is expected to persist, according to Munich Re’s CEO Joachim Wenning.
What a brilliant performance! Congratulation to Munich Re, its management, staff and shareholders!
GI Actuary (contractor) and Private Investor
9moInsurance losses will increase because of the increased buildings exposure over time, not rocket science. Especially so when building on land otherwise deemed suitable.