Reinsurers must demand 2% annual increases for climate change inflation
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Reinsurers must demand 2% annual increases for climate change inflation

Martha Muir
14 December 2021
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A report from Credit Suisse has found that the reinsurance industry has not sufficiently increased premiums in response to loss inflation caused by climate change over the past 20 years and argued that rates will need to rise at least 2% per year to keep up with increased climate risks in the future.

The investment bank’s Insurance Linked Strategies team analysed the findings of the Intergovernmental Panel on Climate Change (IPCC) August 2021 report, to quantify the impact of climate change on the overall insurance industry.

The

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NewsRe/insurers
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Martha Muir
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