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Swiss Re sigma

Swiss Re Institute

Insurance and reinsurance marketÉtudes de marchéAnnualWorld

Reference research series on global primary insurance and reinsurance markets. Covers life and non-life premium volumes by region, economic and insured losses from natural and man-made catastrophes, and protection gap estimates. Several thematic studies appear each year, with the catastrophe edition treated as the authoritative read on the prior year's losses.

Methodology

Aggregation of reported premiums by market, supplemented by Swiss Re proprietary estimates where national statistics are missing. Catastrophe losses combine market reporting, internal databases and a per-event materiality threshold. Figures are stated in constant dollars and inflation-adjusted for historical comparability.

Recommended use

Mandatory starting point for framing any global market or catastrophe loss analysis. Serves as a calibration reference and authoritative figure in a note, dissertation or underwriting file. The sigma protection gap is the sector's most cited statistic.

Official source ↗Latest edition: 01/2026
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