Munich Re expects more European price increases at 1.1 on major losses and inflation
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Munich Re expects more European price increases at 1.1 on major losses and inflation

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Munich Re anticipates continued hardening in the European market at the January renewal, citing recent major losses and rising inflation as drivers.

In a report launched at the annual Baden Baden reinsurance conference, the carrier said it expected demand for insurance and reinsurance to hold up through 2021-23, predicting global primary and reinsurance premiums would grow by 3%.

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