Supply chain restructing to generate $33 billion in commercial premiums

According to Swiss Reinsurance Co. Ltd., restructuring of global supply chains amid increasing disruptions due to the COVID-19 pandemic and Ukraine war is projected to generate $33 billion in new commercial property and accident insurance premiums by 2026, The Bharat Express News reported. The deglobalization of supply chains will increase reshoring of production facilities which will increase demand for insurance, especially technical, property and liability coverage in the domestic markets.