FANews
FANews
RELATED CATEGORIES

Swiss Re estimates its third quarter claims burden from large natural catastrophes at USD 1.1 billion; large man-made losses to be an additional USD 300 million

18 October 2018Swiss Re

Swiss Re estimates its preliminary claims burden from recent natural catastrophes amount to approximately USD 1.1 billion in the third quarter of 2018, net of retrocession and before tax.

  • Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes at approximately USD 1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan
  • In addition, large man-made catastrophe events are expected to lead to a pre-tax claims burden of approximately USD 300 million
  • While the third quarter losses are large for an individual quarter for Swiss Re, the cumulative losses for the first nine months are broadly in line with year-to-date expectations 

Click here to see PDF...

 

Quick Polls

QUESTION

The FSCA has said that the intrusive nature of regulation actually benefits insurers and intermediaries. Is this the reality on the ground?

ANSWER

Yes, intrusive regulation has helped us see how we can work towards better customer service
No, intrusive regulation comes at a cost and a major headache