Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, ...
natural catastrophes News
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for losses from natural disasters.
Is ILS Missing the Mark on Cyber?
If fortune favors the brave, trepidation in the insurance-linked securities market may be dampening investor profits.
Recent outlier ...
Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re
Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia, and hailstorms in France and the U.S., have cost global insurers an ...
Climate Change Is Hurting Insurance Industry: Report
Climate change is hurting the insurance industry, and only 8 percent of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on ...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll
Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected natural catastrophes and the ongoing COVID-19 ...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, ...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured losses stood at slightly more than $20 billion—more evidence of a large ...
Tokio Marine Invests in Satellite Imaging Specialist ICEYE, Enters Nat-Cat Collaboration
ICEYE, the Helsinki-based synthetic aperture radar (SAR) data provider and specialist in natural catastrophe solutions, announced that Tokio Marine Holdings has made a strategic investment in the ...