Analysis – Page 10
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Analysis
COP26 "must be a turning point" - UN
As the World Leaders Summit gets underway in Glasgow, WMO warns the past seven years were the hottest on record
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GDP an “unsustainable” measure of growth
Global wealth has grown overall, but at the expense of future sustainability and by exacerbating inequalities, warns World Bank
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Analysis
IRM publishes climate change guidance
It is the first time the IRM has published a guidance report focused solely on climate change for risk managers
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Analysis
Campaigners target reinsurers in Baden Baden
Only a few reinsurers have so far publicly committed to phase out coal from their treaty business
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La Palma volcanic eruption highlights threat of non-modelled perils
The eruption of the Cumbre Vieja volcano will likely result in hundreds of millions of euros in economic losses - Impact Forecasting
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FERMA Talks: Turning to ART
Why alternative risk transfer solutions, such as captives, are compelling tools during a hard market - AXA XL
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FERMA Talks: Political will for pandemic solution cools
Collaboration at all levels is necessary to ensure future financial resilience against systemic shocks
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FERMA Talks: Channelling strategic foresight
Horizon scanning is an essential tool for policymakers, explained European Commission vice president Maroš Šefčovič
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Ferma 2021: Hard market continues
Extreme weather events will focus minds as corporate insurance buyers navigate renewal season discussions - AXA XL
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Airmic 2021: The COVID EL floodgate that never opened
Causation is a big battleground where COVID-related employers liability claims are concerned, largely because the virus is so transmissible.
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Analysis
Global floods events lead 2021 nat cat tally - CRESTA
Extreme floods in Western Europe in mid-July have generated claims currently estimated at $11 billion
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Abandoned cargo presents growing risk
Supply chain congestion and widespread delays in the international container trade is set to continue - TT Club
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Climate-crisis in an era of comply or explain
With unstoppable momentum towards zero carbon, how can risk professionals identify key risks and opportunities?
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‘Radical fresh thinking’ needed to tackle protection gaps
The Covid-19 pandemic has shone a - sometimes uncomfortable – spotlight on the insurance industry
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Ida highlights impact of inland flooding
Record heat and drought conditions prompt extreme wildfire activity around the globe, according to Aon catastrophe report
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Climate crisis to fuel rapid insurance growth - sigma
Climate-related risks are expected to result in a 22% increase in global property premiums, or up to $183 billion, over the next 20 years
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GVNW: Public-private backstop is vital
Chairman Alexander Mahnke is frustrated a backstop for extreme events, such as pandemics, cyber and natural catastrophes, has not yet emerged
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Ida claims could reach $35 billion - RMS
Losses reflect property damage and business interruption to commercial, industrial, infrastructure and marine cargo among other classes of business
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Germany most exposed country to river/coastal flood - Marsh
Climate change, economic and demographic trends and a chronic shortfall in resilience investment are driving the risk higher
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Analysis
AIR pegs Ida loss at up to $25 billion
Utility disruptions caused by lack of power, mobile data services, and water, could lead to Ida becoming a long-tailed event