Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change July 18, 2024 By Betsy Joles On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science. He...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch January 25, 2024 By L.S. Howard Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved...
Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023 January 24, 2024 Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report....
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region August 3, 2023 By Natasha White Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world,...
Yellen Says Extreme Weather Exposes Gaps in Insurance Protection August 1, 2023 By Christopher Condon Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans...
Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters June 29, 2023 By Alessandro Parodi, Alberto Chiumento and Andrea Mandala Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the...
Pay-As-You-Go Cargo MGA Closing Insurance Protection Gap for Shippers October 4, 2022 By L.S. Howard After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re March 30, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured...
How Cloud Downtime Insurance Became a Thing March 8, 2022 By L.S. Howard A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands...