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Uncertainty driving change
Natural and human-made threats to economic growth, public health and productivity are increasing. Individuals, communities and businesses struggle with both the assessment of, and response to, the changing nature of risk. Global pandemics, climate change, sea-level rise, shifting population densities and extreme weather events are changing the nature of property risk. Technology, cyber events and the transition from an asset-based economy to an economy based on intangible assets contribute to evolving casualty risk.
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Asia will continue to be the growth engine of reinsurance
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“Reinsurance is in a state of flux”: Willis Re’s James Vickers
On the back of several years of unsatisfactory returns and the added challenges of COVID-19, Willis Re’s James Vickers has said that the reinsurance market finds itself “in a state of flux.”
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