Analysis – Page 3
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Analysis
Tool measures ‘resilience dividend’ of critical infrastructure
Approach from Mott MacDonald and the Coalition for Climate Resilient Investment will attract investment adaptation
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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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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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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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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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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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Why Bernd was a lesson in ‘flood dementia at all levels’
A poor understanding of floods and insufficient risk reduction measures played a key role in last year’s disaster, finds Zurich
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Earth observation data: A new frontier
The application, accuracy and quantity of satellite data continues to explode with opportunities for risk transfer and mitigation
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AGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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NOAA predicts above-average Atlantic hurricane season
Ongoing La Niña and higher Atlantic temperatures are setting the stage for busy season ahead
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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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IPCC “encouraged” by climate action
Scaled-up actions can support ”deep emissions reductions”, with carbon capture and storage an option
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Sector-wide culture change will drive flood resilience
In a new film, Flood Re explains how the role of insurance is changing as it urges insurers to ‘build back better’
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Floods drive 2021 cat losses to $270 billion
Flooding in Europe in July was the costliest natural disaster on record in the region - sigma
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BCI: Prepare for the unexpected
Horizon scanning remains overly dominated by events that are happening now, finds report
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Ukraine war further exacerbates auto disruption
BMW is among the car manufacturers that are warning of supply chain disruptions after Russia’s invasion of Ukraine
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Losses mount from cluster of winter storms
Winter Storms Dudley, Eunice and Franklin are a reminder of the need for firms to build resilience to extreme weather
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Analysis
Gallagher Re: 2021 third largest cat year for re/insurers
Reinsurance broker urges a rethink of the impact from “secondary perils” as extreme weather events drive loss tally