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Natural Catastrophes

8 posts
Natural Catastrophes Will Break Several Insured Losses Records

Natural Catastrophes Will Break Several Insured Losses Records

Natural catastrophes will once again break several insured loss records in 2023. A high number of low-to-medium-severity events will aggregate to insured losses
2023 Global Natural Catastrophes: Fatalityes, Economic & Insured Loss

2023 Global Natural Catastrophes: Fatality, Economic & Insured Loss

2023 saw multiple significant disaster events, which drove total year-to-date economic losses above $295 billion, approaching the 21st-century annual average of $310 billion
Global Re/Insurance Industry Faces in Catastrophe Losses

Global Re/Insurance Industry Faces in Catastrophe Losses

Verisk report: Global Modeled Catastrophe Losses. The current challenges the global reinsurance industry faces in addressing recent catastrophe losses
Natural Disaster Trends. Top 10 Costliest Economic & Insured Loss Events

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
Insured Losses from Major Natural Catastrophes in H1 2023 Estimated $23 bn

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
Natural Catastrophes & War Made 2022 a Tough Year for Lloyd's Syndicates

Natural Catastrophes & War Made 2022 a Tough Year for Lloyd’s Syndicates

A swath of natural catastrophes and the Russia-Ukraine war made 2022 a tough year for some managing agents at Lloyd’s of London
Natural Catastrophes Drivers. 6 Main Lessons Learned for Insurance Industry

Natural Catastrophes Drivers. 6 Main Lessons for Insurance Industry

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
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2024 Global Reinsurance Rate for Property Catastrophe Forecasts

2024 Global Reinsurance Rate for Property Catastrophe Forecasts

Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024
Global Insurance Market Dynamics & Regional Trends in Q3 2023

Global Insurance Market Dynamics, Products & Regional Trends in Q3 2023

While the 2023 insurance market continued to moderate as insurers sought to balance growth with profitability, divergent conditions
Navigating the Challenges of Property Insurance Market

Navigating the Challenges of Property Insurance Market

Q4 has historically been an important time for the Property insurance market, as the peak reinsurance renewal season approaches, and the Atlantic hurricane season runs
How Will Generative AI Change Insurance Business Landscape?

Generative AI — Emerging Risks & Insurance Market Trends

As generative AI changes the way companies do business, it is creating new risks and new causes of loss that impact not only the companies themselves

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