European System for Natural Catastrophe Risk Management & Re/Insurance
Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters
“Insurance Losses” reviews on Beinsure Media focuses on financial impacts resulting from insurance claims and losses. This category covers various aspects of insurance losses, including trends, case studies, and statistical analyses. It examines the reasons behind claims, the extent of financial losses for insurers, and the effects on policyholders.
By reviewing real-world scenarios and industry data, this category aims to provide insights into how different factors influence insurance losses. It offers valuable information for industry professionals to understand patterns and improve risk management strategies.
This category is essential for those seeking a comprehensive understanding of how insurance losses affect the financial stability of insurance companies and the broader market.
Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters
Economic and insured losses from Hurricane Milton remain uncertain, Milton is the second major storm to hit the U.S. within two weeks, following Hurricane Helene
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
Insured losses from Hurricane Berylcould have surged if the Category 1 hurricane had struck a densely populated Texas city like Corpus Christi or Galveston
The extreme event solutions business unit of Verisk estimates industry insured losses due to wind from Winter Storm Ciarán will range between EUR 800 mn and EUR 1.3 bn
2023-2024 saw multiple significant disaster events, which drove total economic losses above $295 bn, approaching the 21st-century average of $310 bn
A series of widespread thunderstorms (severe convective storms) hit the US and account for 68% of global insured natural catastrophe losses
Insured losses from hurricanes have risen over the past 15 years as hurricane activity has intensified
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance
UK motor and home insurers expect to make largest annual loss in well over a decade this year, with further losses forecast in 2023