'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Dubai floods put $8bn of aircraft at risk
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms last week...
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms last week...
Article / 2 days ago
Japan Noto Peninsula earthquake claims rise 22% in JPY, to US $492m: GIAJ
According to the latest data release from the General Insurance Association of Japan, insurance claims paid for the January 1st M7.5 earthquake...
According to the latest data release from the General Insurance Association of Japan, insurance claims paid for the January 1st M7.5 earthquake...
Article / 2 days ago
PERILS lifts Windstorm Babet and Aline industry loss to €691m
The insurance industry loss from October 2023's European windstorms Babet and Aline is now estimated to be €691 million by catastrophe data aggregator PERILS AG, with a slight increase...
The insurance industry loss from October 2023's European windstorms Babet and Aline is now estimated to be €691 million by catastrophe data aggregator PERILS AG, with a slight increase...
Article / 3 days ago
Increasing natural catastrophe losses necessitate a resilience focus
'There is no doubt that climate change increases volatility, frequency and also severity,' says senior director of product management...
'There is no doubt that climate change increases volatility, frequency and also severity,' says senior director of product management...
Article / 6 days ago
UAE insurance industry adapts to intense weather conditions – AM Best
The severe weather conditions that triggered significant flash flooding across the Middle East this month are expected...
The severe weather conditions that triggered significant flash flooding across the Middle East this month are expected...
Article / 6 days ago
UAE floods set to cause “sizeable influx” of local claims with ri recoveries to limit impact on domestic market
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
Article / 7 days ago
Oman: Call for action amidst flood carnage
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
Article / 7 days ago
Taiwan: 3 April quake results so far in claims totalling at least US$23.5m
The 3 April magnitude-7.2 Hualien earthquake has led to at least 472 insurance claims and resulted in losses amounting to at least NT$762m ($23.5m) as...
The 3 April magnitude-7.2 Hualien earthquake has led to at least 472 insurance claims and resulted in losses amounting to at least NT$762m ($23.5m) as...
Article / 7 days ago
Reinsurance hit anticipated as Dubai flooding impact emerges
Insurers in the emirate typically buy low-attaching reinsurance....
Insurers in the emirate typically buy low-attaching reinsurance....
Article / 7 days ago
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 / 8 days ago