Inflation, geopolitics and climate change to converge on 1.1 renewal: Munich Re
Munich Re will take a “disciplined” approach to risk management and pricing at the January 1 renewal as the impacts of inflation, geopolitical events and climate change erode capacity and drive up the cost of coverage.
In a statement prepared alongside its pre-Baden-Baden conference press event, the carrier said “extreme” inflation and natural disasters call for more disciplined risk management from both cedants and reinsurers.
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