Christian Mumenthaler, CEO of the reinsurer Swiss Re, believes that the increasing natural catastrophe losses are still insurable.
(Photo: Swiss Re)
Frankfurt, Zurich Reinsurers around the world are increasingly concerned about the effects of climate change on their own business models. Nevertheless, Christian Mumenthaler, CEO of Swiss Re, the second-largest reinsurer after Munich Re, believes that natural catastrophes are still easily insurable
However, just before the important industry meeting in Monte Carlo, he has bad news for his customers: insurance cover will be more expensive. He believes that rising insurance premiums are unavoidable. Prices are also an important signal as to where investments are still worthwhile.
Read the whole interview here:
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue