Analysis – Page 5
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Analysis
“Hopes of a Net Zero future are fading” - WEF Global Risks
We are heading towards ”a slower and more disorderly climate transition” as short-term crises take precedence
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Analysis
2022 nat cats set records with $270 billion in losses
Europe’s summer of extremes resulted in costly wildfires, hailstorms and business and trade disruption
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Analysis
Brazil protests draw comparisons to US Capitol riots
The storming of key government sites by Bolsonaro supporters, reconfirms the country’s political fractures
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Analysis
Commercial insurance rate hikes continue
Insurance pricing rose by an average of 5.7% in 2022, the sixth consecutive year of rate increases
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Analysis
Winter storms cost insurers $4.2 billion in 2022 - CRESTA
Weather-related catastrophes again dominated insurance industry losses in 2022, with three major events in Europe
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Analysis
2023 to be one of Earth’s “hottest on record”
Mean temp rise up to 1.3°C above pre-industrial period as UK experiences its hottest year on record
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Analysis
Geopolitics to heighten travel and security risks in 2023
Some firms are poorly equipped to mitigate the risks posed to business assets and personnel, warns Healix
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Analysis
Where there’s a will, there’s a way
Highlights from the World@Risk Climate Change and ESG Forum
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Analysis
Democracy under fire in a third of countries
China and Saudi among the top ten highest risk countries; shows the “prominent role” of authoritarian regimes within the global economy
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Analysis
IDF calls for ‘convergence’ of insurance and disaster risk management
As key milestones announced at COP27, IDF heralds the industry’s ability to influence “systemic change”
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Analysis
RIMS supports proposals for US cyber insurance backstop
Federal risk pool proposed to insure large-scale catastrophic cyber incidents must be well crafted, says risk association
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Analysis
Inflation drives up cost of vessel, cargo repairs
The rising prices of steel, spare parts and labour are all factors in the increasing cost of hull repair and machinery breakdown claims
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Analysis
Putin’s legacy: A new era of geopolitical volatility
Global stability is ”unravelling” as we approach 2023 and will see significant flashpoints in Europe and over Taiwan - Dragonfly
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Analysis
COP27: ‘Climate change is a risk management problem on a global scale’
Businesses must plan for low-likelihood, high-severity risks and adapt quicker to avoid ’ruin scenario’, urges report
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Analysis
COP27: Time to confront a warming Europe
Temperatures in Europe have increased at over twice the global average over the past 30 years - WMO
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Analysis
COP27: Egypt moots catastrophe pool to build climate resilience
Ahead of COP27, insurance industry experts gathered to discuss innovative approaches to transferring catastrophic risk
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Analysis
COP27: ‘Tangible progress’ essential to close climate finance gap
The impacts of climate change can be seen around the world in 2022, at a growing cost burden
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Analysis
Surface flood risk to rise in 80% of European countries
Mainland Europe could see a 23% increase in surface water loss by mid century as a result of climate change - JBA
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Analysis
Global commercial insurance rates up 6% in Q3 - Marsh
Globally, cyber insurance pricing increased 53% in Q3, with hikes of 66% in the UK
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Analysis
Extreme climate losses 30x more likely at exposed premises
Research from FM Global shines a light on the vulnerability of commercial properties which lack resilience