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Change in the re/insurance industry is accelerating – scale, efficiency and risk knowledge become more important

09 September 2019 Swiss Re

• Swiss Re expects further rate increases for loss-affected and underperforming businesses and broadly stable rates elsewhere as capital remains abundant
• In Swiss Re's view, the upward trend in rates needs to continue to reach a long-term sustainable reinsurance market
• Change in the industry is accelerating, impacting the entire re/insurance value chain
• Swiss Re is leveraging its R&D capabilities, technology and scale to support clients in managing increasing risk complexity, wealth of data and changing protection needs

Swiss Re expects further rate increases for loss-affected and underperforming businesses and broadly stable rates in other areas, amid continued capital abundance in the reinsurance market. To ensure a long-term sustainable reinsurance market, further rate increases are needed. The hurricane season that is now upon us highlights the importance of having prices that adequately reflect the risks.

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