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With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany's recent floods are likely to be significantly higher, which highlights a ...
A unit of Generali is teaming with an InsurTech to develop parametric products that help close the growing insurance protection gap. Berkshire Hathaway Specialty Insurance said it is now providing ...
States hit hardest by recent Midwest flooding — including Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than 1 percent, ...
Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re's latest sigma study. Swiss Re's report said that the figure illustrates increasing ...
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report ...
Eight Lloyd's syndicates are joining forces to tackle the problem of underinsurance in emerging economies across Latin America, Africa, and Asia—committing capacity of $400 million towards ...
Insurers covered $500 billion in catastrophe losses in the last 10 years. That huge number appears in Swiss Re's recent sigma report, "Underinsurance of Property Risks: Closing the Gap." It's hardly ...
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