HVRRF - Insurance Resilience Improved But Record Protection Gaps Remain: Swiss Re
While insurance resilience against catastrophes, mortality and healthcare related risks has been rising, a record sized protection gap remains, according to insight from global reinsurance firm Swiss Re (SSREF) (SSREY).
The reinsurer believes the global economy now actually has less capacity to absorb a shock than it did over a decade ago in 2007, with 80% of countries studied showing a lower resilience score in 2018 than in 2007.
Driving this trend has been the exhaustion of monetary policy options across many developed economies, as well as a challenging operating environment for the banking sector,