Inflation, Insurance Losses from Natural Catastrophes & Longevity Dains
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
Homeowners Perception of Weather Risks report provides insights into trends, behavior and how experiencing a weather event impacts
Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance
The past year and half have seen major changes in the global Reinsurance Property Catastrophe (CAT) market
Re/Insurers poorly prepared for the increased loss frequency and intensity wrought by flooding and climate change as this year’s North Atlantic hurricane season
AM Best has released the Market Segment Outlook: Global Reinsurance report on the outlook for global non-life reinsurance, maintaining a stable view
New reinsurance capital formation is limited, and investors remain concerned about the impact of climate change and inflation
The property catastrophe bond market supported new and repeat insurance, reinsurance and government sponsors
IAIS collected data on the global reinsurance market through annual Global Reinsurance Market Survey covered about 50 reinsurers based in nine jurisdictions
The April 1 reinsurance renewal season has seen a continuation of the discipline shown by reinsurers at January 1 but with a greater determination that pricing
Property reinsurance rates rose significantly at the renewals. The losses from Hurricane Ian last year were a contributory factor
Seismic shifts in the macroeconomic environment – combined with geopolitical uncertainty and heavy natural catastrophe losses – led to a severe tightening of capacity
The natural disasters demonstrate that economic factors, in the last two years augmented by inflation, are the main driver of elevated insured losses from natural catastrophes
Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance, the fourth highest one-year total
Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance
The US P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
The global economy is in a precarious position. The war in Ukraine has superseded COVID-19 as the dominant economic driver, even as China continues to grapple
ILS plays a key role in allowing catastrophe risk to be transferred from the commercial insurance market to investors, providing additional (re)insurance capacity
ILS and collateralized markets have seen little signs of new capital entering, but lower estimates helped to provide additional liquidity for retrocession
Floods affect more people across the globe than any other natural disaster. The deadly floods within year were a tragic reminder of the increasing threat
While there was sufficient capacity to meet the reinsurance needs of cedants at 1.1, it is also true that the amount of reinsurance capital being deployed was diminished in 2022
Climate change is taking an increasing toll. The natural disaster figures are dominated by events that are more intense or are occurring more frequently
Public announce of cyber risk transference by (re)insurers to capital markets through ILS issuances represent the potential for a reinsurance
The world saw another year of impactful natural catastrophe events that once again emphasized the need to better account for the growing risks that hazards bring
The most challenging January 1 renewal in a generation as the reinsurance market underwent a fundamental shift in pricing and risk appetite
Natural and man-made disasters resulted in global economic losses of $280 bn. Insurance covered $119 bn economic losses
According to Artemis, catastrophe bond and related insurance-linked securities (ILS) issuance fell when compared with the prior year quarter
The global reinsurance market has endured a complex and in many cases frustrating renewal process which has gone down to the wire, according to the 1st View January
Higher-risk focused insurance-linked securities (ILS) fund strategies appear to be averaging losses around the 17% mark after hurricane Ian
Investors in ILS are seeking innovation—they may find it in Africa where a combination of transnational bodies, better data and a desire to structure improved disaster relief
Insurers in Florida are currently barred from non-renewing or canceling policies, under an emergency order issued by the state’s Insurance Commissioner
Because of significant exposure growth, the impact of social inflation, and climate change complications, Florida’s insurance market could struggle to respond to a repeat of a Category 5 hurricane
Even as countries across the globe grapple with climate change, alternate risk transfer mechanisms like parametric solutions are emerging as the best option
Catastrophe and green bonds in the private sector have become the most prominent innovations in the field of sustainable finance in the last 15 years
Weather-related Events drove economic losses of $65 bn, which is down on last year’s $105 bn, with insured losses staying roughly the same at approximately $34 bn
Guy Carpenter explained that the property catastrophe reinsurance market saw some “significant” price adjustments for loss-impacted programs in peak zones
Today risk assessors use a wide set of tools ranging from sophisticated flood hazard maps to fully probabilistic risk models, but more can be done
Global Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again
The increased use of new forms of risk transfer in the cyber reinsurance market to have renewed discussions about the potential role Insurance-Linked Securities (ILS)
Increasing demand for cyber re/insurance have made the need for fresh risk capital acute. With insurance linked securities (ILS) market, re/insurers may be change
Natural catastrophes (nat cats) continue to divide opinion, with some companies such as Lancashire and Hannover Re pushing the longer-term profitability of the line
A new net line size requirement has been introduced specifying that the maximum net line size that a syndicate may have on an individual risk cannot exceed 30% of ECA