US P&C Insurance Generates Underwriting Losses in 1H2023
US P&C insurance industry continued to generate significant underwriting losses in 1H2023 despite strong premium growth
Natural Catastrophe
29 posts
What is the meaning of natural catastrophe? A natural disaster is characterized by the abnormal intensity of a natural agent when the usual measures to be taken to prevent this damage were not able to prevent their emergence or were not able to be taken.
Examples of natural hazards include: avalanche, coastal flooding, cold wave, drought, earthquake, hail, heat wave, hurricane (tropical cyclone), ice storm, landslide, lightning, riverine flooding, strong wind, tornado, typhoon, tsunami, volcanic activity, wildfire, winter weather.
Disasters are classified into natural disasters, man-made disasters, and hybrid disasters.
In this section, we have collected the most current articles and reviews on the topic of the Natural Catastrophes.
North Atlantic & Western North Pacific Hurricane Season’s Impact for Re/Insurers
Moody’s RMS overview of North Atlantic seasonal activity forecasts and summarized the key oceanic and meteorological drivers behind the predictions
Natural Disaster Trends. Top 10 Costliest Economic & Insured Loss Events (1900-2023)
Most natural disaster databases show a significant decline in the number of annual global events prior to 1980. While the biggest natural catastrophe events are typically captured
Reinsurance Rates for U.S. & Florida NatCat Policies: 2023 Renewal Trends
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July renewal date, with states such as California and Florida increasingly hit
Major Natural Disaster Eventsand Insurance Loss Insights in APAC Regions
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%
Insured Losses from Major Natural Catastrophes in H1 2023 Estimated $23 bn
Insured losses from major natural catastrophes in the second quarter of 2023 are estimated to be less than $10 bn, in H1 totaled $23 bn
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
