Swiss Re on ‘shocking’ figures around corporate trust
At Swiss Re’s latest sigma market briefing at RVS in Monte Carlo, the message to the re/insurance industry was clear – liability claims costs are rising faster than the rate of economic inflation in several major economies, and they’re showing no signs of abating. It’s a trend being thrown into sharp relief amid a solid global growth outlook, with economic disinflation to 2% being on course in Europe for 2024, and in the US for 2025.
In a Press briefing on the report, senior leaders from the reinsurance giant revealed how it has constructed a “social inflation index” in order to disentangle it from other c