Insurers are grappling with a ‘polycrisis’: Swiss Re CS
Insurers’ clients are facing a “polycrisis” – a cluster of related global risks with compounding effects, such that the overall impact exceeds the sum of each part. It is a term first coined by the World Economic Forum last year. But it is an accurate description of the challenges clients face, says Adrian Hall, head of UK, Ireland, South Africa and EMEA Wholesale, at Swiss Re Corporate Solutions.
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