Swiss Re Foresees Rising Premiums Amid Increasing Global Risks

In a comprehensive analysis, Swiss Re Institute predicts that global property and casualty insurance premiums will rise in tandem with GDP over the upcoming decade.

This growth is driven by amplified natural catastrophe losses, asset accumulation, and heightened economic and litigation claims inflation.

The institute's report outlines the evolving insurance landscape amid increasing global risks.

The report anticipates reduced market concentration with heightened competition. It highlights an emerging trend where brokers and managing general agents are becoming more integral in distribution and underwriting processes. By leveraging these entities, insurers can access specialised skills and scale efficiently.

The global property and casualty market has experienced significant expansion, doubling over the past two decades to reach a value of $US2.4 trillion ($3.6 trillion). With ongoing innovation expanding coverage access through both traditional and alternative methods, projections indicate that the market could grow to $US4.3 trillion ($6.5 trillion) by 2040.

Furthermore, captive insurers are estimated to control $US60-$US80 billion ($91-$122 billion) in global premiums. These entities enable corporations to self-insure frequent risks while utilising reinsurance for major exposures. Meanwhile, insurance pools and mechanisms like US fair access programs and wind pools are increasingly addressing market volatility by ensuring availability where traditional options may be limited.

Swiss Re's Group Chief Economist, Jerome Jean Haegeli, notes that pricing, risk management, and transformation have become more efficient within the insurance sector. This efficiency supports capacity even as uncertainties rise, with insurers increasingly shifting risk burdens to reinsurers. This trend reflects growing demands for risk transfer amid an evolving risk landscape.

The report, titled "Growing Stronger: How the Property and Casualty Market Adapts to a Riskier World," highlights a marked 7% compound annual growth rate in reinsurance premiums over the past decade, outpacing the 4.2% rate in primary property and casualty insurance.

Swiss Re's findings were shared during the Reinsurance Rendezvous in Monte Carlo, providing a backdrop for industry stakeholders assessing and adapting to the complexities of a riskier global environment.

Published:Wednesday, 10th Sep 2025
Source: Paige Estritori

Share this news item:

Insurance News

Swiss Re Foresees Rising Premiums Amid Increasing Global Risks

10 Sep 2025: Paige Estritori

In a comprehensive analysis, Swiss Re Institute predicts that global property and casualty insurance premiums will rise in tandem with GDP over the upcoming decade. This growth is driven by amplified natural catastrophe losses, asset accumulation, and heightened economic and litigation claims inflation. The institute's report outlines the evolving insurance landscape amid increasing global risks. - read more

Insurance Council of Australia Assists NSW Flood Claimants

09 Sep 2025: Paige Estritori

In response to the devastating floods that swept across New South Wales' Mid North Coast in May, the Insurance Council of Australia (ICA) is taking proactive steps to support the affected residents. Insurers, organised by the ICA, will be meeting with flood victims in Kempsey, Taree, and Port Macquarie to provide guidance and support as they navigate their insurance claims. - read more

Ombudsman Upholds Policyholder’s Claim Despite Fraud Allegations

08 Sep 2025: Paige Estritori

A motor insurance policyholder has won a significant dispute over fraud allegations, with the industry ombudsman ruling in favour of a payout following a controversial car accident claim. The case revolved around an incident where the claimant's wife crashed at an intersection one evening, reportedly failing to yield. The lack of photographic evidence due to shock and subsequent involvement of towing services complicated matters. - read more

NM Insurance Secures Growth with Five-Year Zurich Partnership

05 Sep 2025: Paige Estritori

In a strategic move set to bolster its market position, NM Insurance has announced a five-year agreement with capacity provider Zurich, positioning itself for further growth and increased broker confidence in its success. Since its establishment two decades ago as Nautilus Marine Insurance Agency, NM Insurance has expanded its focus beyond the recreational boat market in Australia, branching into New Zealand and diversifying into the commercial marine, caravan, and motorcycle sectors. - read more

Empower Your Cyber Knowledge with CFC's Free Masterclass

03 Sep 2025: Paige Estritori

In an era where cyber threats are increasingly sophisticated, CFC Underwriting Limited has unveiled a unique opportunity for brokers to fortify their expertise through its newly launched Cyber Masterclass. This initiative offers a flexible, on-demand video learning series designed to advance brokers into proficient cyber insurance specialists at their convenience. - read more

Click for more Insurance News

Nightclub Insurance Articles

Understanding Public Liability Insurance for Nightclub Venues

Picture this: it's a busy Saturday night at your nightclub. The dance floor is packed, the DJ is spinning tunes, and everyone's having a great time. Suddenly, someone trips and falls, injuring themselves. In such situations, having the right insurance can be crucial. That's where public liability insurance comes into play. - read more

Essential Insurance Policies Every Nightclub Owner Should Know

In the dynamic world of running a nightclub, unforeseen incidents can happen at any time. Whether it's a lively crowd that gets out of hand or an unexpected electrical issue that disrupts your night, the challenges of managing a nightlife venue are uniquely demanding. That's why having the right insurance coverage is not just advisable, it's essential for every nightclub owner. - read more

How to Save Costs on Nightclub Insurance Without Sacrificing Coverage

Running a nightclub in Australia can be an exciting venture, but like any business, it comes with its fair share of risks. Nightclub insurance is a crucial safeguard that shields you from the unforeseen, be it a simple accident or a significant mishap. This specialized insurance is pivotal for protecting your establishment, patrons, and the bottom line. - read more

Unforeseen Events: How Business Interruption Insurance Can Save Your Nightclub

Business interruption insurance is a crucial safeguard for nightclub owners who want to protect their revenue streams from unexpected disruptions. This type of insurance is designed to cover the loss of income that businesses suffer after a disaster-related closing of the business premises or due to the rebuilding process afterward. - read more

A Comprehensive Guide to Choosing the Right Nightclub Insurance

Running a nightclub is no small feat. It's a lively business that offers entertainment and enjoyment. Yet, it also comes with its own set of risks. That's where nightclub insurance comes in. Just as you craft the perfect atmosphere for your patrons, having the right insurance ensures that the unexpected doesn't catch you off guard. - read more

Knowledgebase

Replacement Cost:
The amount it would cost to replace or rebuild an insured asset with one of similar kind and quality, without depreciation.

This website is owned and operated by Clark Family Pty Ltd (as Trustee for the Clark Family Trust) 43 Larch Street Tallebudgera QLD 4228, A.C.N. 010281008, authorised Financial Services Representative of Unique Group Broker Services Pty Ltd, Australian Financial Services License 509434. Visit the ASIC website for additional licensing information.

IMPORTANT: We are neither authorised nor licensed to provide finance or finance products. We do not recommend any specific financial products and we do not offer any form of credit or other financial advice. All product enquiries and requests for financial and/or other advice on this website are referred to third party, qualified intermediaries with whom you can deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third part to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs.