McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine
In the US, two major hurricanes and frequent severe thunderstorms accounted for at least two-thirds of the year’s global insured losses, which currently exceed $135 bn
The global economy is poised for further solid expansion. We forecast global real GDP growth at 2.8% in 2025 and 2.7% in 2026, roughly in line with 2024
The London re/insurance market sees a growing push toward digital approaches. Enhanced underwriting stands out as a new direction for companies
Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters
Government-backed catastrophe insurance schemes play a vital role in managing the financial impact of natural disasters across Europe
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
A catastrophic crash of an Embraer E190 passenger plane operated by Azerbaijan Airlines occurred near Aktau, Kazakhstan. As a result of the tragedy, 38 people lost their lives, while 29 survived
INSURANCE MARKET REVIEW
A potential future human pandemic could cause $13.6 tn in global economic losses over five years, according to a systemic risk scenario from Lloyd's
Total new annualized premium for Canadian life insurance increased 4% to $478 mn in Q3 2024. Despite the rise in premium, the policy count dropped 17%
The insurance and reinsurance sectors face an expanding risk landscape, driven by critical challenges such as climate change and cyber threats
The 2024 Atlantic hurricane season ended on November 30, marking a year of above-average storm activity and substantial insured losses in the U.S.
PERILS has released its third insurance industry loss estimate for the floods that hit southern Germany from May 31 to June 6, 2024
Atlantic Canada has become a growing target for auto theft, according to the Insurance Bureau of Canada. In the 2024, auto theft claims in the region rose by 13%
The era of rapid, double-digit growth in the cyber insurance market may be cooling, but the cyber expansion story isn't over. A new market reality has emerged
Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance
The UK government is exploring the establishment of a captive insurance framework to enhance the UK`s appeal as a hub for efficient risk management solutions
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation