Disasters waiting to happen.
Insufficient catastrophe reinsurance cover is being bought in many markets, despite overcapacity. Ulrich Schweizer and Maria-Elisabeth Fischer summarise the findings of Swiss Re's latest Catastrophe Market Research Project (CAMARES).
Cover for natural catastrophes often generates only a comparativelymodest share of a reinsurer's income. Yet these rare events with high loss
potentials bind vast amounts of risk capital and may
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