Swiss Res Holzheu: Annual Premiums Needed to Close Protection Gaps

Published: July 19, 2023, 6 a.m.

Thomas Holzheu, chief economist Americas, Swiss Re Institute, said that closing global protection gaps for natural catastrophes, crop, health insurance and mortality would require a record high $1.8 trillion in annual insurance premiums\u2014a cumulative 20% rise since 2018.