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Reinsurance capacity recovering, but uncertainty still ahead

The global reinsurers’ outlook promising but uncertain. The global reinsurance market is expected to grow modestly, with the most substantial growth predicted for the Asia-Pacific and Latin America regions, according to Munich Re. The market for alternative risk transfer adjusted for higher equity effects from interest rates is also expected to rebound to $461bn in 2023 from $434bn in 2022. Investing in risk modeling and high-definition models, as well as harnessing data and technology are priorities.

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