Analysis – Page 26
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AnalysisHurricane Ida claims could reach $30 billion
Flooding has seen homes evacuated, businesses shut down and widespread power outages
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AnalysisInsurers lack ‘meaningful change’ around D&I
The Dive In 2021 festival will reveal a ‘big pool of talent that people don’t realise they are not tapping’, explains sister title Insurance Times
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AnalysisCovid-19 drives losses of £2bn for Lloyd’s
’Financial pressures will continue to affect businesses’ as economies emerge from the pandemic - Insurance DataLab
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AnalysisEuropean flood claims could reach €6.5 billion - RMS
Germany is the dominant contributor of loss to the event with about 70 percent of the total loss, followed by Belgium with about 25 percent
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AnalysisLosses 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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AnalysisPort closure signals further strain for global trade
Partial closure at China’s Port Ningbo adds to global supply chain woes, threatening $172 billion of goods - Russell Group
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AnalysisNat cats cost $77 billion in 1H
Insured losses are the second highest on record for a first half as climate change results in greater weather extremes - Swiss Re sigma
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AnalysisFlood exposures up by 24% since 2000
Population at risk of extreme flood is ten times higher than previously thought, finds WRN partner Cloud to Street
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AnalysisUK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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AnalysisAlmost half of food recalls avoidable - RQA
A large majority of recalls emanate from packaging mistakes, which are costly, reputationally damaging and avoidable
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AnalysisAGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
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AnalysisZurich considers AI-related emerging risks
Liabilities could arise from the unintended consequences of decisions made by algorithms and artificial intelligence
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AnalysisGerman flood claims to approach €5 billion
Restoration of infrastructure such as water and gas pipes, power lines, and roads could take weeks, even months, warns AIR Worldwide
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AnalysisD&O market ready to “move on” from COVID
A softening of the pricing curve is being observed, but the outlook remains uncertain for UK D&Os - Gallagher
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AnalysisAborted Aon WTW deal a “victory for competition”
Insurance buyers stand to benefit from greater choice as regulators lose appetite for monopolistic tie-ups - Brokerslink
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AnalysisMcLarens taps Broadspire in TPA expansion
Reporting into global head of TPA, Kirsten Early, the six-strong team will support the development of McLarens’ TPA capabilities
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AnalysisCommercial insurance rates rise 15% in Q2
It is the 15th consecutive quarter of rate increases in the global commercial insurance market, finds Marsh
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AnalysisAon and WTW call off mega merger
Brokers terminate merger agreement following “an impasse” with the US Department of Justice
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AnalysisFERMA: Floods are a “wake-up call” ahead of COP26
Insured losses of €4 billion to €5 billion are expected for North Rhine-Westphalia and Rhineland-Palatinate
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AnalysisGerman floods to see sizable protection gap
There are renewed calls for a state-backed natural catastrophe scheme or introduction of compulsory flood cover
