Swiss Re has reported net income of USD 1.3 billion for the third quarter 2011

Swiss Re has reported a net income of USD 1.3 billion in the third quarter of 2011 (vs USD 0.6 billion in the prior-year period). All segments contributed to these results, which were supported by a moderate natural catastrophe experience and positive one-offs.

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Insurance-linked securities market poised for continued growth

15 years after its inception, the market for insurance-linked securities (ILS) is poised for continued growth as re/insurers, governments and corporations continue to access capital market solutions to finance growth, manage their capital and transfer risks related to natural catastrophes and other extreme events, according to Swiss Re’s latest publication. Read more

Insurance News: Catastrophes cost the insurance industry USD 70 billion in the first half year of 2011

According to preliminary sigma estimates, total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated USD 70 billion in the first half of 2011. Read more

Mortality protection gap in India estimated at USD 6.7 trillion

Swiss Re published a study,Mortality Protection Gap: Asia-Pacific 2011, which finds that the aggregate mortality protection gap across 12 Asian markets expanded significantly from USD 16 trillion in 2000 to USD 41 trillion in 2010, representing an average growth of 10% per year. Read more

New Swiss Re sigma study “World insurance in 2010” reveals growth in global premium volume and capital

According to Swiss Re’s latest “World insurance in 2010” sigma study, world insurance premium volume increased 2.7% on an inflation-adjusted basis. Life premiums rose by 3.2%, non-life by 2.1%. Premium growth in emerging markets accelerated. Read more