All insurance articles – Page 19
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AnalysisClimate crisis to fuel rapid insurance growth - sigma
Climate-related risks are expected to result in a 22% increase in global property premiums, or up to $183 billion, over the next 20 years
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AnalysisLloyd’s: Insurers must address emerging geopolitical risks
New report calls for innovation around insurance for geopolitical risks to address the “significant protection gap”
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AnalysisGVNW: Public-private backstop is vital
Chairman Alexander Mahnke is frustrated a backstop for extreme events, such as pandemics, cyber and natural catastrophes, has not yet emerged
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AnalysisIda claims could reach $35 billion - RMS
Losses reflect property damage and business interruption to commercial, industrial, infrastructure and marine cargo among other classes of business
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AnalysisHurricane Ida devastation continues
Deadly flash floods have left a trail of further devastation, with energy and chemical sectors among those exposed to supply chain disruption
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OpinionFire risk at battery energy storage systems
Battery energy storage systems (BESS) are essential for low carbon economies… but fires are hampering growth potential
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AnalysisInsurer M&A dips in 1H 2021 - Clyde & Co
UK leads consolidation activity in Europe and is second most active worldwide behind the US, ahead of Spain and Germany
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AnalysisInsurers must attract talent from outside the industry
Sector must work harder to engage talent with a focus on ‘future gazing’ and a more digitised era
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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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OpinionFuture proofing airports
There are clear risks and opportunities as airports repurpose for a post-COVID world
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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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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
