Turkiye: Several reinsurers announce 6 Feb quake losses
Several global reinsurers have reported estimated losses arising from the devastating earthquakes in Turkiye on 6 February, as they released their 1Q2023 financial statements.
Several global reinsurers have reported estimated losses arising from the devastating earthquakes in Turkiye on 6 February, as they released their 1Q2023 financial statements.
Article / 7 days ago
European reinsurers confident on cat budgets despite $1.4bn Q1 Turkey hit
All four of Europe's major reinsurers reported combined ratio improvements during the first quarter of 2023 despite booking ~$1.4bn of aggregate reserves...
All four of Europe's major reinsurers reported combined ratio improvements during the first quarter of 2023 despite booking ~$1.4bn of aggregate reserves...
Article / 10 days ago
Munich Re's Q1 result hit by Turkey earthquake losses - insuranceNEWS.com.au
Munich Re says its Property & Casualty (P&C) reinsurance combined operating ratio widened to 86.5% in the first quarter, from 77% a year earlier, on higher than...
Munich Re says its Property & Casualty (P&C) reinsurance combined operating ratio widened to 86.5% in the first quarter, from 77% a year earlier, on higher than...
insurancenews.com.au /
Article / 10 days ago
Turkey earthquakes loss estimate raised 32% to ~$4.6bn by PERILS
PERILS AG has hiked its insurance and reinsurance market industry loss estimate for the recent Kahramanmaras Earthquake Sequence that struck Turkey...
PERILS AG has hiked its insurance and reinsurance market industry loss estimate for the recent Kahramanmaras Earthquake Sequence that struck Turkey...
Article / 27 days ago
Turkiye: Number of residential units covered by quake insurance jumps significantly
The number of residential properties that are covered by compulsory earthquake insurance offered by the Turkish Catastrophe Insurance Pool (TCIP) now exceeds 11.75m...
The number of residential properties that are covered by compulsory earthquake insurance offered by the Turkish Catastrophe Insurance Pool (TCIP) now exceeds 11.75m...
Article / 28 days ago
Erdogan’s earthquake: how years of bad government made a disaster worse - The Guardian
The long read: Despite vows to tighten the rules after the 1999 quake, cronyism and complacency have undermined Turkey’s governance – at the cost of many thousands of lives...
The long read: Despite vows to tighten the rules after the 1999 quake, cronyism and complacency have undermined Turkey’s governance – at the cost of many thousands of lives...
theguardian.com /
Article / 28 days ago
Oman: 6 Feb Turkiye earthquakes shake reinsurer's 1Q underwriting performance
Oman Re, the sole reinsurer in the Sultanate of Oman, has reported a combined ratio of 111.2% for 1Q2023 against 96.1% during 1Q2022. The 6 February massive Turkish earthquakes had
Oman Re, the sole reinsurer in the Sultanate of Oman, has reported a combined ratio of 111.2% for 1Q2023 against 96.1% during 1Q2022. The 6 February massive Turkish earthquakes had
Article / 29 days ago
Turkiye: Insurers expect to settle 95% of claims from 6 Feb quakes by June
The Turkish insurance industry has assessed that it will be able to pay - by the end of June 2023 - 95% of all claims, including from corporate clients...
The Turkish insurance industry has assessed that it will be able to pay - by the end of June 2023 - 95% of all claims, including from corporate clients...
Article / 1 month ago
Q1 2023 Natural Catastrophe Report
An active start to 2023 resulted in above average natural catastrophe losses around the world...
An active start to 2023 resulted in above average natural catastrophe losses around the world...
Report / 1 month ago
Turkiye: Regulator addresses quake insurance shortcomings in wake of 6 Feb disaster
Improvements will be made to the systems or infrastructure at the Turkish Catastrophe Insurance Pool (TCIP), and initiatives will be introduced to improve the earthquake insurance ecology...
Improvements will be made to the systems or infrastructure at the Turkish Catastrophe Insurance Pool (TCIP), and initiatives will be introduced to improve the earthquake insurance ecology...
Article / 1 month ago
