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Risk of deaths linked to heatwaves underestimated, Swiss Re CEO says

ESG & Climate PolicyNatural Disasters & WeatherEnergy Markets & Prices
Risk of deaths linked to heatwaves underestimated, Swiss Re CEO says

Swiss Re CEO warned authorities underestimated the life-safety scale of Europe’s heatwaves as deaths linked to extreme summer temperatures rise. The comments highlight escalating climate-related underwriting and risk exposure for reinsurers, with implications for pricing and capital planning rather than an immediate, quantified financial impact in the article.

Analysis

Swiss Re CEO warned authorities underestimated the life-safety scale of Europe’s heatwaves as deaths linked to extreme summer temperatures rise. The comments highlight escalating climate-related underwriting and risk exposure for reinsurers, with implications for pricing and capital planning rather than an immediate, quantified financial impact in the article.

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