Analysis – Page 5
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Analysis
Summer 2022 Europe’s hottest on record
An intense series of heatwaves across Europe paired with unusually dry conditions have led to a summer of extremes - C3S
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Analysis
Cost of living crisis drives greater fraud volume
Difficult economic conditions are leading to higher levels of fraud from non-traditional perpetrators
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Pace of energy transition must accelerate, urges aream Group
Growing concern over Europe’s energy security and increasing weather extremes means that ‘time is pressing’
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Risk managers should ‘pick recovery over replacement’ to aid sustainability
As sustainable approaches burgeon in importance, risk managers have been urged to focus on recovery measures when disaster hits
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Analysis
Insuring the transition
The industry has a ‘once in a lifetime’ chance to support the transition to Net Zero. So what are we waiting for?
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Analysis
Battery fires in shipping a significant safety issue
All parties in the supply chain must understand and mitigate risks of transporting lithium-ion batteries - AGCS
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Analysis
European winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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Analysis
Cyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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As wildfires rage, firms urged to prepare contingencies
Top business continuity and safety considerations include need for stand-fast alternatives and financial constraints
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Analysis
FM Global offers policyholders $300m resilience credit
The credit will be applied as a 5% premium offset against policies with renewals between 1 October 2022 and 30 September 2023
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Analysis
Effects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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Europe counts cost of extreme heat, drought and wildfires
In many parts of Europe, human-caused climate change has resulted in annual average temperatures rising by more than 1.5°C - Munich Re
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Calls for solar industry to mitigate fire risk
With the number of PV installations dramatically increasing around the world, the threat of fire is growing
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JBA issues stark UK flood warning
Cost of severe flood events could rise by up to 42% by 2050 due to climate change
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European storms drive 1H catastrophe losses - Aon
First-half Severe Convective Storm (SCS) losses in Europe exceeded $5 billion for the second year in a row
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Germany at severe risk of flood as temperatures rise
A quarter of the world’s power generation capacity and 26% of international port outflows are currently at risk of flooding, finds Marsh McLennan
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Analysis
Fire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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Analysis
European wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed
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Preparing for another active hurricane season
Power and comms outages and supply chain disruptions should be among key business continuity considerations, says International SOS
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Analysis
Has 2022 knocked resilience off course?
Protection gap for health, mortality and natural catastrophe risks combined reached $1.42 trillion in 2021, finds sigma