Analysis – Page 32
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AnalysisHard market to prompt captive growth
Firming commercial insurance prices and impacts from COVID-19 could present opportunities for the captive insurance segment - AM Best
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AnalysisFlood damage erodes companies’ long-term value
Stock price of damaged firms drops 5% in the year following major floods as investor confidence declines - research
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AnalysisFERMA welcomes EIOPA pandemic resilience paper
EIOPA paper proposes options for public-private partnerships to be explored at national and European level
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AnalysisNat cats cost global economy $75 billion in 1H 2020
Insurers paid out $30+ billion due to natural catastrophes in the first six months of the year
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AnalysisCOVID-19: Construction insurance rates harden
In Europe, rate increases from previous months have been aggravated due to the consequences of COVID-19
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AnalysisShipping losses at record low
Consequences of coronavirus and a sustained economic downturn could however threaten long-term safety improvement
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AnalysisEurope counts cost of severe June thunderstorms
Total economic losses from severe storms in Central Europe are likely to approach or exceed $100 million - Impact Forecasting
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AnalysisCOVID to cost insurers up to $100 billion - sigma
Rate hardening is likely to continue amid potentially high losses and contracting insurance supply, particularly in commercial lines
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AnalysisParametric products can assist climate resilience - CCRI
Today’s “wealth of data” can be used to construct risk transfer products for extreme weather - Nephila’s Barney Schauble
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AnalysisAirmic welcomes Lloyd’s recovery proposals
Proposals include solutions for non-damage business interruption and systemic catastrophe events
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AnalysisRenewable energy firms face growing cyber risk
Cyber attacks on global renewable energy businesses have increased during lockdown, causing significant disruption - GCube
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AnalysisFirms unprepared for climate risks - survey
Global CEOs and CFOs feel they have a lack of control over climate risk, even as 80% feel they should be held accountable, finds FM Global
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AnalysisZurich expands climate resilience team
“Risk management tools that can help businesses quantify the impact of climate change are high in demand”
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AnalysisFCA names eight insurers in BI test case
Test case will consider the validity of insurers denying business interruption claims in the wake of the coronavirus pandemic
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AnalysisUS riots a “catastrophe” event - PCS
The riots have become the first PCS-designated riot catastrophe event covering more than one state
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AnalysisPower sector feels pandemic pressures
The increasing focus on ESG is also having a significant impact on future power sector risk management strategies
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AnalysisUK Pandemic Re group appoints Amber Rudd
Jon Dye, chairman of ABI and CEO of Allianz Insurance, has also agreed to join the UK Pandemic Re Steering Group
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AnalysisPandemic risk act enters US Congress
Like the Terrorism Risk Insurance Act (TRIA), federal government would serve as a backstop to maintain marketplace stability
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AnalysisFERMA calls for EU-wide NDBI resilience framework
The framework would respond to a range of catastrophic events, such as pandemic and cyber-attacks, that create severe non-damage business interruption losses
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AnalysisRIMS launches risk advisory service
“The world’s risk management community must come together to share their experiences and advance the profession”
