Swiss Re identifies $500 billion global property, mortality risks protection gap

11/21/2018 5:27:00 AM

Source: Business Insurance

Swiss Re Ltd. said that there is a $500 billion global property and mortality risks protection gap, which “signals the existing high level of unprotected risks and significant growth potential for insurers,” Artemis reports. Swiss Re also said that global premiums are expected to grow by around 3% per year in 2019 and 2020, with Asia anticipated to experience 9% growth in premiums.