5 Largest Natural Catastrophes. Weather-related Events Drove $130 bn Losses
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
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
Challenging economy, insurance institution’s human resource organization should be more nimble than ever to respond to constantly changing pressures
The views of the insurance industry are not always prominent in the debate on ransomware. In order to provide a re/insurer perspective, we surveyed cyber insurance
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
7% of medium-size enterprises reported gaps in their insurance coverage, 1/3 of the smallest firms identified outstanding insurance needs
Ransomware attacks have become even more damaging, audacious and widespread over recent years, with no obvious let-up on the horizon
Insurers are quickly entering a new era of claims management—one supported by rapid technological advancements and growing data availability
Global growth is entering a soft patch this year as uncertainty due to geopolitical risks remains high
Survey shows insurance marketing executives across sectors believe buyer expectations for acceleration of digital distribution channels
Global Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again
Insurance professionals are getting more comfortable with recommendations coming from AI and utilizing them in underwriting, pricing, marketing, claims
The big question insurers face is where will all that talent come from, and how will they be able to recruit skill sets to advance increasingly digitized operations?
As we look back on the cyber insurance marketplace, we see all the hallmarks of a hardening market, with no signs of relief as we move into 2022
Business interruption insurance is designed to replace a source of business revenue that’s suddenly reduced or eliminated by certain disruptive events
Insurers surveyed by the Deloitte Center for Financial Services remain fairly bullish when it comes to their growth prospects for 2022
London Insurance Market have historically competed on expertise and not technology. The route to success was seen to be hiring the best underwriters
Now that artificial intelligence, analytics and imaging technologies are being applied in the insurance sector, we are seeing more and more new TECH
Swiss Re expect total premiums volumes will rise USD 7 trillion for the first time ever by the end of 2022. Rate hardening in commercial lines will continue growth
The COVID-19 pandemic has prompted a widespread reprioritisation of tech
initiatives and will hasten the deployment of digital solutions across the world.
Cyber insurance remains a relatively immature although still-growing market in most industrialised countries. Insurance solutions by Lloyd`s
Swiss Re estimate strong 6.1% nominal growth in total premiums (non-life and life). That translates into near flat growth (+0.4%)
2023 was expected to be another bumper year for the insurance industry, but the invasion of Ukraine has dashed those hopes
Insurance Europe call for supervisory and regulatory approaches to climate-related risk that reflect realties of insurance business.
In the 2022-2023 were highly active in many territories around the world. Natural hazard events occurred in Europe, Australia and USA
AI, Digitization & Agent Experience is changing the role of insurance, from pure risk protection towards predicting and preventing risks
Global insurance resilience recovered, primarily due to strong improvement in health resilience, which natural catastrophe
Insured natural catastrophe losses for 2021 are estimated at between $105 billion and $120 billion, according to several sources, making it the third highest natural catastrophe loss
Insuramore has completed a global ranking of insurer (carrier) groups as measured by cyber insurance gross direct premiums written (GDPW)
Direct premiums written in the cyber liability insurance market continued to grow in 2022-2024, seeing a 75% increase, far outpacing that of the overall property/casualty insurance
Revenues earned worldwide by MGAs, MGUs and cover-holders had a value of around USD 12.5 bn. 55 of the top 250 MGA groups belong to insurance brokers