Swiss Re expects rise in demand amid global uncertainty
Monday, September 12, 2022
© Reuters. The bus stop "Schweizer Rueck" (Swiss Re) is seen in front of the headquarters of insurance company Swiss Re in Zurich, Switzerland February 12, 2019. REUTERS/Arnd WIegmann BERLIN (Reuters) -Swiss Re said global geopolitical tensions, macroeconomic developments and climate change have heightened demand for risk protection and will lead to increased premiums.
The reinsurer plans to further grow its natural catastrophe portfolio, where the market is forecast to grow to $48 billion from $35 billion in the next four years, it said on Monday.
"On top of impacts from COVID-19 and increasing losses from natural catastrophes, the re-insurance industry is now confronted with issues like inflation, risk of recession and geopolitical tensions," said Moses Ojeisekhoba, chief executive officer reinsurance, in a statement.
"As we see cost drivers accelerating in this dynamic risk environment, insurance premiums must be carefully calibrated to keep pace," he added.
Companies were increasingly insuring themselves to deal with the riskier environment, the company said ahead of an insurance industry gathering in Monaco.
The Swiss Re (OTC:SSREY) Institute expects a $33 billion increase in commercial premium volumes in the period from 2022 to 2026 as they relocate their supply chains closer to their home countries.
The comments echo German reinsurer Munich Re, which on Sunday said that reinsurance rates were set to rise across the industry, caused by inflation, higher interest rates and a decline in capital to underpin underwriting activity.
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01-10-2023 14:38:35 (UTC+7)
EUR/USD
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EUR/USD
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GBP/USD
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USD/CAD
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EUR/JPY
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EUR/CHF
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Gold Futures
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Euro Stoxx 50
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S&P 500
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DAX
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FTSE 100
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IBEX 35
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BASF SE NA O.N.
42.950
+0.305 (+0.72%)
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Bayer AG NA
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Allianz SE VNA O.N.
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Adidas AG
166.62
+9.76 (+6.22%)
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Deutsche Lufthansa AG
7.506
-0.023 (-0.31%)
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Siemens AG Class N
135.66
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Deutsche Bank AG
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| EUR/USD | 1.0572 | ↑ Sell | |||
| GBP/USD | 1.2201 | ↑ Sell | |||
| USD/JPY | 149.38 | Neutral | |||
| AUD/USD | 0.6438 | ↑ Buy | |||
| USD/CAD | 1.3575 | ↑ Buy | |||
| EUR/JPY | 157.92 | ↑ Sell | |||
| EUR/CHF | 0.9677 | Neutral |
| Gold | 1,864.60 | ↑ Sell | |||
| Silver | 22.390 | Neutral | |||
| Copper | 3.7340 | ↑ Buy | |||
| Crude Oil WTI | 90.77 | ↑ Sell | |||
| Brent Oil | 92.09 | ↑ Sell | |||
| Natural Gas | 2.930 | ↑ Sell | |||
| US Coffee C | 145.23 | ↑ Sell |
| Euro Stoxx 50 | 4,173.35 | ↑ Sell | |||
| S&P 500 | 4,288.05 | ↑ Sell | |||
| DAX | 15,386.58 | ↑ Sell | |||
| FTSE 100 | 7,608.08 | ↑ Sell | |||
| Hang Seng | 17,822.00 | Buy | |||
| Small Cap 2000 | 1,785.10 | ↑ Sell | |||
| IBEX 35 | 9,428.00 | ↑ Sell |
| BASF | 42.950 | ↑ Sell | |||
| Bayer | 45.45 | ↑ Sell | |||
| Allianz | 225.70 | Sell | |||
| Adidas | 166.62 | ↑ Sell | |||
| Lufthansa | 7.506 | Neutral | |||
| Siemens AG | 135.66 | ↑ Sell | |||
| Deutsche Bank AG | 10.450 | ↑ Sell |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,830/ 6,880 (6,830/ 6,880) # 1,361 |
| SJC HCM | 6,825/ 6,895 (0/ 0) # 1,447 |
| SJC Hanoi | 6,825/ 6,897 (0/ 0) # 1,449 |
| SJC Danang | 6,825/ 6,897 (0/ 0) # 1,449 |
| SJC Nhatrang | 6,825/ 6,897 (0/ 0) # 1,449 |
| SJC Cantho | 6,825/ 6,897 (0/ 0) # 1,449 |
| Cập nhật 01-10-2023 14:38:37 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,848.82 | -17.92 | -0.96% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 26.270 | 26.790 |
| RON 95-III | 25.740 | 26.250 |
| E5 RON 92-II | 24.190 | 24.670 |
| DO 0.05S | 23.590 | 24.060 |
| DO 0,001S-V | 24.450 | 24.930 |
| Dầu hỏa 2-K | 23.810 | 24.280 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $89.87 | +7.86 | 0.10% |
| Brent | $91.87 | +6.21 | 0.07% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.090,00 | 24.460,00 |
| EUR | 25.089,27 | 26.466,85 |
| GBP | 28.963,54 | 30.196,84 |
| JPY | 158,64 | 167,93 |
| KRW | 15,63 | 19,04 |
| Cập nhật lúc 14:33:04 01/10/2023 Xem bảng tỷ giá hối đoái | ||
