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Increasing trend of nat cat claims seen: Munich Re

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Munich Reinsurance Co. has said that it sees "an increasing trend of natural catastrophe claims," 1asig.ro reported.

But an executive from the reinsurer's Central & Eastern Europe unit said the trend does not necessarily boost insurance penetration.

Meanwhile, Trust International Insurance & Reinsurance Co. B.S.C.'s general manager in Cyprus, Sinisa Lovrincevic, said risk complexity "is increasing day by day, as the risk landscape is constantly changing."

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