Non-life insurers in advanced markets face reserve adequacy concerns amidst recent shocks: Swiss Re
Reinsurance News - Jun 27, 2023
Direct non-life insurers in advanced markets have experienced a deceleration in the release of prior-year loss reserves, prompting concerns about adequacy due to recent shocks, leading to an uptick in the share of incurred-but-not-reported (IBNR) claims, according to a Swiss Re Institute report. The...
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