Insurers in the emirate typically buy low-attaching reinsurance....
Catastrophe losses drop sharply YOY in Q1 for many big US insurers
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 2 years ago
P&C insurers seeing catastrophe loss respite in Q4'21
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Article / 2 years ago
Reinsurers bearing Q3 catastrophe loss load from Ida, European floods
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
Article / 2 years ago
Insurers facing prospect of another 'above-average' Atlantic hurricane season
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
Article / 3 years ago
Top Risks For The Global Insurance Industry
Could COVID-19’s second wave shake up the sector?...
Could COVID-19’s second wave shake up the sector?...
Report / 3 years ago
COVID-fueled supply chain disruption a crunch point for insurance claims
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Article / 4 years ago
3 years of cat losses provide key lesson for insurers, says Swiss Re exec
Insurers should learn that basing decisions on historical analysis alone is not good enough, said catastrophe perils head Martin Bertogg, as the reinsurer's latest report warned of growing future losses...
Insurers should learn that basing decisions on historical analysis alone is not good enough, said catastrophe perils head Martin Bertogg, as the reinsurer's latest report warned of growing future losses...
Article / 4 years ago
US insurers' cat losses plunge YOY in Q4'19 as weather events, wildfires ease
The most severe weather event in the quarter appears to have been Typhoon Hagibis, which struck Japan in October 2019 and caused an estimated $11 billion in losses...
The most severe weather event in the quarter appears to have been Typhoon Hagibis, which struck Japan in October 2019 and caused an estimated $11 billion in losses...
Article / 4 years ago
Protection gap persists across insurance world, despite some progress
The rift between insured and economic losses continues to widen, despite a series of products and initiatives, but the efforts of the industry and governments have not been in vain, experts say...
The rift between insured and economic losses continues to widen, despite a series of products and initiatives, but the efforts of the industry and governments have not been in vain, experts say...
Article / 4 years ago
