Swiss Re News
Global P/C Industry Produces Strongest Rate Hikes in 20 Years, as Inflationary Risks Surface
Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis ...
Executives On The Move at One Concern, The Hartford, Players Health and Markel
A former Swiss Re Executive is taking on a leadership position at One Concern, an AI startup focused on building the global resilience market. The Hartford promoted a rising executive within its ...
Scoop, There It Is: Novel WFH, Missed Rent, Ice Cream Cookie Coverage
Some of the latest insurance product offerings include WFH Insurance from Nationwide, loss of rent insurance from Swiss Re's iptiQ, and "the tastiest insurance ever"—not really insurance—for ice ...
Cyber Underwriting Changes: Is It Too Little, Too Late?
With primary rate changes approaching 50 percent and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ...
Systemic Risk Analysis: Are Cyber Insurers Whistling Past the Graveyard?
While ransomware was the hot topic at 2021 midyear insurance industry conferences, discussions of the broader topic of systemic risk—spurred on by recent hacks of SolarWinds and Microsoft ...
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...
COVID Crisis Hurts Global Macro Resilience, Widens Insurance Protection Gap: Swiss Re
The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. ...
Swiss Re Warns Canada Is Unprepared for Climate Change-Spurred Hurricane Risks
Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada's homeowners, businesses and insurers underestimate that escalating risk, according to one ...