Insurers in the emirate typically buy low-attaching reinsurance....
Global property insurers see 'alarming' losses as risk models lag, report says - Reuters
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
reuters.com /
Article / 3 days ago
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 4 days ago
Weather damage insurance claims worst on record
Property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events like flooding and theft, according to figures...
Property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events like flooding and theft, according to figures...
PR / 5 days ago
Knowledge is power
Insurers expect to pay out an estimated £560m to help customers who suffered damage caused by the recent Storms Babet, Ciaran and Debi; it is also forecast that in 2023 motor insurers will have paid out £1.14...
Insurers expect to pay out an estimated £560m to help customers who suffered damage caused by the recent Storms Babet, Ciaran and Debi; it is also forecast that in 2023 motor insurers will have paid out £1.14...
Article / 1 month ago
Storms and inflation drive rise in average cost of buildings insurance claims
'It comes as no surprise that the widespread property damage during the quarter cost the industry,' says head of property...
'It comes as no surprise that the widespread property damage during the quarter cost the industry,' says head of property...
Article / 2 months ago
Australia ranks high for flood exposure, coverage: Munich Re - insuranceNEWS.com.au
Australia has more insured properties exposed to flood than Britain despite its smaller population, Munich Re Australia MD Scott Hawkins has told the...
Australia has more insured properties exposed to flood than Britain despite its smaller population, Munich Re Australia MD Scott Hawkins has told the...
insurancenews.com.au /
Article / 2 months ago
Archer v Ace (or, The Demise Of LEG3?)
In the London Market there is, by and large, a common understanding about how...
In the London Market there is, by and large, a common understanding about how...
Article / 2 months ago
Windstorm Ciarán (Emir) industry loss lifted 3% to €1.94bn by PERILS
The insurance and reinsurance industry loss estimate from November 2023's European extratropical windstorm Ciarán has been raised by around 3% to almost...
The insurance and reinsurance industry loss estimate from November 2023's European extratropical windstorm Ciarán has been raised by around 3% to almost...
Article / 2 months ago
The New Normal: $100 Billion in Insured Nat Cat Damages
For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however with a total economic loss surpassing US$350 billion...
For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however with a total economic loss surpassing US$350 billion...
PR / 3 months ago
Weekly Cat Report January 26, 2024
Two successive lows, Isha and Jocelyn, brought damaging winds in some parts of Western, Northern, and Central Europe between January 21 and 24.
Two successive lows, Isha and Jocelyn, brought damaging winds in some parts of Western, Northern, and Central Europe between January 21 and 24.
Report / 3 months ago
