Natural catastrophes (Nat Cats)
Blog: Analytics has a critical role to play in major and complex loss
It is not just low-value claims that can benefit from technology – data analytics has an important role to play in major and complex loss, argues Neil Baldwin, McLarens executive director.
PRA zones in on financial lines, man-made cat exposure and contract uncertainty
The Prudential Regulation Authority will “sharpen” its focus on financial lines insurers and those with a material exposure to man-made catastrophe risk, in addition to advising insurers to revisit how they approach contract uncertainty, the regulator…
Supreme Court BI test case judges oversaw Orient Express ruling
Lawyers suggested experience will trump "ego" after it emerged two of the judges on the Supreme Court business interruption test case panel oversaw rulings on Orient Express, a case that has been hotly contested during proceedings between the Financial…
Future Focus 2030: The insurance eco-systems podcast - the evolution of collaboration
It is the year 2030 and the last decade has seen the insurance eco-system evolve as quickly in 10 years as it had previously done in the last century.
Spotlight: Climate change: The role of insurers in reducing carbon emissions
Insurers will come under increasing pressure to demonstrate their pro-active engagement with the need for effective action to tackle global warming. Fine words, grand gestures and clever marketing will not be enough. Meaningful, effective action will be…
Covid 'uncertainty' to complicate January reinsurance renewals: Guy Carpenter
Total Covid-19 losses remain an unknown, leading to greater complexities and individual approaches at 1 January reinsurance renewals, Guy Carpenter has cautioned.
Munich Re expects 'triple-digit million euro' losses from Beirut blast and recent hurricanes
Munich Re expects its losses from August’s warehouse explosion in Beirut and a trio of recent North Atlantic hurricanes to both reach “low triple-digit million euro” sums.
Hurricane Laura insured loss estimates range from $4bn to $12bn
Early estimates of the insured losses resulting from Hurricane Laura range from $4bn to $12bn, with the damage concentrated in southern Louisiana.
Updated: Over one million homes at risk as Hurricane Laura brings ‘unsurvivable’ storm surge to US Gulf Coast
Hurricane Laura, which made landfall in Louisiana early this morning as a category-four storm, has the potential to impact 1.1 million homes worth $265bn in terms of reconstruction cost value, according to Core Logic.
180 years: Hurricanes in history
PREMIUM: The insurance industry has suffered very large losses from natural disasters over the past two centuries and this still remains a problem today, with 409 natural catastrophe events totaling $232bn in losses in 2019. Post looks at some of the…
Lloyd's syndicates pitch £11bn growth as Neal demands profitability first
Lloyd’s syndicates’ plans for 2021 include £11bn of fresh business, but some will be told that they must continue to focus on performance over growth as the market looks to “finish the job” it embarked on 2018 of turning around its profitability woes.
Tiger Risk unveils fourth hire of the month
Tiger Risk has appointed Juan England as a partner with a mandate to help develop large, multi-regional clients in Europe and other international markets, the fourth recruit of the month for the rapidly expanding broker.
Perils pegs Australian bushfire losses at A$1.86bn
Perils has pegged insurance and reinsurance industry losses for Australian bushfires at A$1.86bn (£1.03bn)
Pandemic drove 55% increase in average policyholder contact time: Verisk
The coronavirus pandemic has had a bigger impact on claims handling than other natural disasters, with the average time to contact policyholders after a claim up 55% compared to normal levels, a conference heard.
Blog: Eight steps to keeping climate change insurable
The effects of climate change, such as rising sea levels and above-average temperatures, have long been apparent, however Swiss Re’s CEO, Tava Madzinga argues the resulting risk landscape is now more dynamic than ever.
Blog: Global reinsurance market - what can we expect to see from 2020?
Very few people have 20/20 vision and there is no exception to this when looking forward to what impact the year 2020 will have on the reinsurance market writes Gavin Coull, London Forum of Insurance Lawyers executive committee member and partner at…
Insurance Covid Cast Episode Nine: Could Tiger King Joe Exotic cut it as a fraud fighter or handle big cats at Lloyd’s?
In the latest Insurance Post and Insurance Age video cast brought to you while our journalists are in isolation lockdown we present first in an irregular series - Covid Culture Club - where we discuss things to watch and do at home.
Expertise in Audio 1: Risk and catastrophe management – is insurance truly our global safety net?
Insurance Post director of content Jonathan Swift is joined by Ed Messer, head of catastrophe management at Aon, and David Rubens, CEO of the Institute of Strategic Risk Management, to discuss if insurance is truly our global risk safety net?
Analysis: Closing the natural catastrophe protection gap
Though losses from natural catastrophes fell in 2019, the proportion of losses that were uninsured rose to a three-year high. Post investigates why.
Beazley aims to halve costs as COR creeps up in 2019
Beazley hopes to slash its expense ratio in half as a result of the proposed widespread reform of the Lloyd’s market and internal investment in automating simpler classes of business.
Australian insurers face further losses of A$514m as hail hits the country
Insurance losses resulting from severe weather conditions from 19-21 January in Australia, are estimated to be A$514m (£269m), according to the Insurance Council of Australia
'Completely new ways of thinking' needed to address $1.2tn protection gap
Insurers need to make further efforts to focus on the customer and build trust if they are going to address the $1.2tn (£920bn) global protection gap, a conference heard.
Risk managers must make sustainability transition: Zurich group CRO Giger
Risk managers have never been busier, Zurich’s group chief risk officer Peter Giger said, as he urged businesses to address environmental risks sooner rather than later.