Insured Catastrophe Losses in Canada Surge to C$8.5 bn, Tripling in 2024
Insured catastrophe losses in Canada reached a record C$8.5 bn in 2024, nearly tripling the prior year’s total and standing 12 times higher than the annual average
Weather-related Catastrophes
Weather-related Catastrophes reviews on Beinsure media focuses on the impact of severe weather events on various sectors. It covers how hurricanes, floods, tornadoes, and other extreme weather conditions affect infrastructure, communities, and economies.
The review delves into the immediate and long-term consequences of these events, including damage assessments, recovery efforts, and financial implications. It also looks at how insurers and businesses prepare for and respond to such disasters. By analyzing case studies and industry responses, the category provides insights into risk management strategies and resilience planning.
Q3 2024 Global Catastrophe Report: Top 5 Costliest Economic & Insured Loss Events
Q3 2024 saw a number of significant disaster events, which drove total economic losses from natural catastrophes above at least $258 bn
Global Natural Catastrophes: Fatality, Economic & Insured Loss
2023-2024 saw multiple significant disaster events, which drove total economic losses above $295 bn, approaching the 21st-century average of $310 bn
US Severe Weather Insured Losses in Q1 Ranges of $7 bn to $9.5 bn
Q1 severe weather insured losses should come in at a range of $7 bn to $9.5 bn of insured severe thunderstorm storm losses from hail
Impact of Natural Catastrophic Risks for the US P&C Insurance Market
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
Climate Risk & Weather-Related Re/Insurance Industry Losses Review
Climate risk has once again been the catalyst for insurance and reinsurance market change. Major losses caused by extreme weather events in recent years
US P&C Insurance Outlook: Inflation, Catastrophes & Volatile Markets
2024 will be a difficult year for the US P&C industry: claims severities surged with inflation, natural catastrophe losses were elevated for a sixth straight year
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
32% of surveyed insurance executives identified these issues as a significant macroeconomic risk, ranking 5th after inflation, recession, market volatility, and geopolitical tensions
U.S. Financial Stability Oversight Council said
there has been a shift in the composition of life insurers’ liabilities and an increase of private equity firms
The partnership between Bitcoin and central banks will shape up in the following years because of economic circumstances, regulatory changes, and market preferences
Insurance Europe supports the European Commission's ambition to build a Savings and Investments Union. The insurance sector plays a crucial role in achieving the SIU's goals