Jaskeet Briah speaks to Julien Descombes, chief underwriting officer for life and health (L&H) reinsurance, Swiss Re; and Natalie Kelly, head of L&H global underwriting, claims and research and development, about the reinsurer’s outlook on the L&H insurance market in the first piece of this two-part feature.
The aftereffects of the COVID-19 pandemic are being felt in the UK and excess mortality continues to impact the population. Although excess mortality is not at the peak-pandemic levels, mortality rates are yet to return to a pre-pandemic baseline, according to Descombes. Swiss Re expects the L&H market and the demand for reinsurance to continue growing, with 4%-5% growth expected globally for the reinsurer's L&H market this year. "The L&H insurance protection market will continue to grow at quite an attractive rate. We are still seeing a higher take-off of new mortality insurance poli...
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