Swiss Re sees positive outlook for renewals, further market hardening expected

• Swiss Re expects price increases across all segments to continue, driven by low interest rates, large claims and growing risks
• Growth outlook for re/insurance industry positive as exposures and risk awareness continue to grow
• Increased pressure on underwriting to deliver profits
• In partnering with clients, Swiss Re builds on risk knowledge and solutions offering

Following rate improvements in many markets, and particularly in loss-affected segments, Swiss Re expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment. Swiss Re also expects more opportunities for re/insurers due to a combination of improving insurance demand and growing exposures.

Despite the cancellation of the Rendez-Vous de Septembre 2020 in Monte Carlo, Swiss Re continues to host its established media events, but in a virtual format. Today, Swiss Re shares its view on the upcoming renewals season.

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