Reinsurance soft market cycle coming

The losses from climate change are rising, and it’s creating difficult market conditions.

This was according to a new report from Morningstar, which said, “With temperatures continuing to rise around the world as a result of climate change and global emissions, the reinsurance industry has been faced with rising losses."

While public discussion often centres on the rising frequency of natural disasters, Morningstar’s analysis shows the issue for the sector is the escalating severity of these events, which is driving up economic losses.

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