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Reinsurance capacity bouncing back, although future remains uncertain

The global reinsurance market will see a modest annual growth between 2023 and 2025, with Asia-Pacific and Latin America expected to post the strongest growth, according to Munich Re. Reinsurance capital is expected to rebound to $461bn in 2023. The alternative risk transfer market has remained stable with a shift towards catastrophe bonds. Higher inflation and greater natural hazard risks pose challenges to the sector. Increasing investments in risk modelling and expertise in climate-friendly energy technologies are seen as necessary.

Source: www.insurancebusinessmag.com –

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