analysis News

AIR Worldwide’s Analysis of Typhoon Bopha’s Impact on the Philippines

AIR Worldwide’s analysis of Typhoon Botha’s [also named ‘Pablo,’ locally] impact on the Philippines indicates that as “insurance penetration in this area is around 10 percent to 20 percent; insured losses are not expected to be high as a result …

Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa

New research, conducted by market research consultants Finaccord, reveals that “competition among underwriters of professional indemnity insurance in Australia and Canada is at least as strong as in Europe’s more developed markets while South Africa is likely to provide growth …

Best’s Global Reinsurance Market Review Analyzes Top 50, Capital, Ratings

A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not reflect more recent developments in the reinsurance …

Hiscox Bermuda Appoints Palmer to Head Analytics and Research

Hiscox Bermuda has appointed Dr. Michael Palmer as Head of Analytics and Research for the group’s Bermuda operation. He will report to Damien Smith, Hiscox Bermuda’s Underwriting Director, and “will take responsibility for the analytics team in Bermuda, helping to …

Typhoons Saola, Damrey Strike, Philippines, Taiwan, China: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Typhoon Saola, the ninth typhoon of the Northwest Pacific storm season, made its first landfall early Thursday morning local time in Hualien, Taiwan. AIR noted that the storm has since “been downgraded to …

A Decade Later: Is Sarbanes-Oxley Working? – Analysis

When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That this question still arises …

Rain, Floods Cause Heavy Damage in Southwest Japan: AIR Analysis

A report from catastrophe modeling firm AIR Worldwide, analyzes the damages resulting from the heavy rains that have caused widespread flooding and mudslides from July 11 to July 16 on the Southern Japanese Island of Kyushu. AIR explained that a “very …

Magnitude 6.0 Earthquake Strikes Italy’s Emilia Romagna Region: AIR Analysis

AIR Worldwide has released its preliminary analysis of the earthquake which struck the Emilia-Romagna region of northern Italy in the early hours on Sunday, May 20. The US Geological Survey issued a “moment magnitude estimate of 6.0 for the event. …

Best’s Special Vietnam Report Sees Continued Strong Growth

Vietnam’s insurance market has experienced strong double-digit premium growth in recent years and demand for insurance product is forecasted to continue, according to a recently released special report from A.M. Best Co.       “Insurers have benefitted from an emerging middle …

Nearly 3K Medical Professional Liability Claims Closed in Ohio in 2010

Close to 3,000 medical professional liability claims were closed in Ohio in 2010, regulators report. The Ohio Department of Insurance’s annual Ohio Medical Professional Liability Closed Claim Report for 2010 showed a total of 2,988 medical professional liability claims were …