LONDON (Reuters) – Global home and casualty insurancecompanies revealed “alarming” underwriting losses in 2022 as natural disasters increased and danger designs stoppedworking to keep up, a report from specialists Capgemini stated on Wednesday.
Global insured losses from natural disasters haveactually been goingbeyond $100 billion eachyear in current years, driven greater by problems such as winterseason storms. Industry sources see environment modification and increased structure in exposed locations as contributing to the losses.
The insurancecompanies’ international combined ratio, a procedure of declares and costs versus premium earnings, was 103% in 2022, Capgemini stated. A level above 100 suggests an underwriting loss. Proper