Insurers: Munich Re expects premiums to rise in Europe

Insurers: Munich Re expects premiums to rise in Europe

According to Munich Re's expectations, the prices for reinsurance cover should rise significantly in Europe in 2022 after the high level of flood and hail damage. "The rising prices for many economic goods and the most recent major losses speak for a noticeable increase in reinsurance rates in Europe," said the responsible board member Doris Höpke on Monday at the industry meeting in Baden-Baden.

Insurer: Munich Re calculates in Europe rising premium level