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Reinsurance in uncertain times calls for risk expertise and financial strength: Munich Re

While the reinsurance market environment holds promise, insurers and reinsurers face uncertainty due to changing risks, says Munich Re. Future growth is expected to be highest in Asia-Pacific and Latin America with increasing risks from natural hazards, inflation, and cyber attacks. Munich Re advises investing in artificial intelligence, expanded risk modelling and resources for innovative covers for climate-friendly energy technology. Reinsurance capital is also projected to rise from $434bn in 2022 to $461bn in 2023.

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