Analysis – Page 2
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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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Study exposes ‘blind spots’ in risk preparations at sports stadiums
Ahead of the World Cup, a research paper highlights common causes of severity loss and key risk management lessons
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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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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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Q1 nat cat losses reach $32 billion
Climate-related losses are likely to escalate with every additional increment of global warming - Aon
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Tonga eruption highlights global telecom vulnerabilities
Catastrophe highlights fragility of the global undersea cable network and how quickly it can go offline
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Western European floods “most significant” event of 2021
Insurance industry losses from the devastating July floods have surpassed $13 billion
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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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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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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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Losses of $25 billion expected from July floods
Catastrophic damage in Western Germany is expected to be Europe’s most costly weather event on record - Impact Forecasting
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German floods to see sizable protection gap
There are renewed calls for a state-backed natural catastrophe scheme or introduction of compulsory flood cover
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Denmark, Norway most resilient nations - FM Global
Climate risk is an increasingly important factor for companies and leaders making strategic decisions
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FM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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OECD: Insurers need “skin in the game” on pandemics
Insurance sector needs to play more active role in future pandemic solutions, says OECD secretary-general Angel Gurría
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2020 nat cat tally hits $78 billion
Hurricane Laura caused an insured loss of $8 billion to 9 billion, the largest weather-related loss event - Willis Re
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Climate change: Time for alliance
Experts at Airmic’s virtual Climate Change forum had a message of hope as they identified more joined-up thinking on the climate challenge
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Nat cat loss tally rises in October
Economic losses from devastating floods in southeastern France and northwestern Italy in October are expected to reach €2.7 billion
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Terrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
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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