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Global protection gaps widening – Swiss Re

June 22, 2023

Swiss Re Institute has released its fifth resilience sigma report titled Restoring Resilience: The Need to Reload Shock-Absorbing Capacity.

The report highlights the escalating global protection gaps in natural catastrophes, crop, mortality, and health insurance, which now demand a staggering $1.8 trillion in annual insurance premiums—a record high. Over the past five years, these protection gaps have surged by 20%, propelled by growing economic demands and the impact of inflation.

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