Insurance Analyst Sees $60B Hit to Industry After Irma

The video discusses the financial impact of Hurricane Irma, estimated at $60-$80 billion, on the insurance and reinsurance sectors. It highlights the significant hit to earnings, particularly for global reinsurers like Swiss Re and Munich Re. The discussion also covers the slowing of reserve releases due to potential inflation and the need for a third catastrophic event to shift the reinsurance market. The video emphasizes the resilience of the insurance sector despite these challenges.

What is the estimated amount needed to turn the catastrophe reinsurance market?

What factors could influence the pricing power in the catastrophe reinsurance market?