Climate change fuelling surge in property insurance: Swiss ReActs of God? Climate change will drive demand for protection against rising seas and extreme weather events, says Swiss ReZURICH - Climate change will help propel a threefold surge in property insurance premiums over the coming two decades, according to a study published on Monday by Swiss Re. Swiss Re, which provides insurance for other insurance companies, set out to forecast the major trends driving the sector until 2040. Property premiums stood at around $450 billion in 2020. Motor insurance premiums are expected to double to around $1.4 trillion, from $766 billion in 2020.

Source: Bangkok Post September 07, 2021 03:16 UTC