Analysis – Page 15
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Analysis
How COVID-19 is reshaping the risk landscape
The pandemic will shape future loss trends with changes to working environments, travelling habits and supply chain networks, predicts AGCS
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Analysis
Climate change analytics tool launched
Data suite from JBA will help global financial services firms plan for their future and understand possible flood risk under different climate scenarios
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Analysis
DAY 3: AI won’t save us from a cyber catastrophe
People, not technology, are behind cyber abuses says one of the ‘fathers of the internet’
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Analysis
Corporates face “tsunami of insurance price increases”
Insurers and brokers should use the hardening market “to demonstrate their value and treat customers with the respect” - Mactavish
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StrategicRISK Q3 2020: A more mindful business
As lockdown restrictions lift, organisations must carefully manage the safety, mental health and wellbeing of their staff. It’s the right thing to do, and it’s good for business.
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Zurich launches climate resilience service
Climate change is consistently rated as one of the top areas of concern for risk managers and business owners in the World Economic Forum’s Global Risks Report
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Analysis
StrategicRISK Australia: 2020 edition
It is time to show that risk managers are essential partners and business enablers within our organisations as we navigate these challenging times
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Eurozone to benefit from reshoring - sigma
Global supply chains are undergoing fundamental and accelerated restructuring, with re-shoring a growing trend in Europe
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Analysis
Hurricane Laura claims up to $8 billion
Cat modelling firms peg insurance losses from the Category 4 storm at between $4 billion and $8.7 billion
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Hurricane Laura makes Louisiana landfall
Laura made landfall as a category 4 hurricane with wind speeds of up to 150mph and an “unsurvivable” storm surge
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Analysis
Global insurance protection gap reaches $1.24 trillion
The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 - Swiss Re Institute
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Hurricane Isaias claims up to $5 billion - RMS
Isaias was the ninth named storm of the 2020 North Atlantic hurricane season, affecting parts of the Caribbean and US east coast
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Analysis
Winterstorm Victoria insured loss rises to €344m
The storm, also known as “Dennis”, affected the British Isles and north-western Europe from 15 to 17 February 2020 and occurred six days after extratropical cyclone Sabine
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Research predicts dramatic increase in wildfire risk
By 2030-2040 climate change will prolong wildfire seasons, adding a month in European countries including Spain, Portugal and Greece
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Analysis
Beirut port disaster loss to impact global insurers
Observers are drawing comparisons with the 2015 explosion in the Chinese port of Tianjin, which highlighted accumulation exposures in ports - AM Best
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Beirut explosion, 5 years on from Tianjin
The large blast in Beirut, Lebanon is expected to result in a significant insurance event as the death toll and casualties from the explosion continue to rise.
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Flood damage erodes companies’ long-term value
Stock price of damaged firms drops 5% in the year following major floods as investor confidence declines - research
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Nat cats cost global economy $75 billion in 1H 2020
Insurers paid out $30+ billion due to natural catastrophes in the first six months of the year
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Shipping losses at record low
Consequences of coronavirus and a sustained economic downturn could however threaten long-term safety improvement
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Europe counts cost of severe June thunderstorms
Total economic losses from severe storms in Central Europe are likely to approach or exceed $100 million - Impact Forecasting