Swiss Re adds 'uncertainty allowance' to reserves for new business
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Swiss Re adds 'uncertainty allowance' to reserves for new business

Abbie Day
01 December 2023
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Swiss Re has introduced a reserving uncertainty allowance for new business, which is expected to have a negative impact on profit after tax in 2024 of approximately $500mn.

The allowance has been introduced to support the group's objective to be sustainably positioned at the higher end of the best estimate reserving range across its P&C businesses.

Swiss

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