Last summer's hail loss has crept significantly for many Italian cedants....
Reinsurance rates, terms harden for Japanese, Korean primary carriers
Cedents in Japan and South Korea accepted big rate increases and tougher terms during the April 1 reinsurance renewal season....
Cedents in Japan and South Korea accepted big rate increases and tougher terms during the April 1 reinsurance renewal season....
Article / 10 months ago
Catastrophes, inflation key factors for Japan's nonlife insurers in FY'23
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers' earnings in fiscal year 2023, though the effects of inflation are...
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers' earnings in fiscal year 2023, though the effects of inflation are...
Article / 1 year ago
Insurers unable to tally up true cost of Ukraine war
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
Article / 1 year ago
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
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-19, economic issues complicating assessment of Beirut blast claims
The size of the claims bill from the massive port explosion in Lebanon's capital is uncertain, although early indications have begun to emerge, and losses may take a while to determine...
The size of the claims bill from the massive port explosion in Lebanon's capital is uncertain, although early indications have begun to emerge, and losses may take a while to determine...
Article / 4 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
Australian bushfires intensify scrutiny on insuring, investing in coal
Bushfires across Australia are drawing increased attention to the financial risks of climate change, even as the country...
Bushfires across Australia are drawing increased attention to the financial risks of climate change, even as the country...
Article / 4 years ago