Insurance Sector Faces Price Hikes After Severe Weather Losses

E+S Rück expects improvements in pricing and terms in German reinsurance following significant losses from severe weather events. Floods have contributed to these losses, with motor insurance claims expenditure continuing to rise. The demand for high-quality natural catastrophe reinsurance is increasing.

Major weather catastrophes have burdened the insurance industry, with events like floods and storms demanding better reinsurance terms. Motor insurance remains in deficit due to structural challenges and high claims inflation. Increased repair costs further strain the sector.

Non-proportional covers and natural catastrophe reinsurance see heightened demand and pricing adjustments. Cyber insurance remains a growth area despite rising cyber-attack losses. E+S Rück aims to remain a reliable partner, adapting to market needs.