UN Launches Disaster Insurance Program for Developing Countries September 28, 2021 The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide...
Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap September 23, 2020 By Benjamin Robertson and Lucca de Paoli The Bank of England has encouraged the government to work with UK insurers in preparation for future major shocks, rather...
Germany, Global Parametrics, Hannover Re Launch Climate Impact Fund December 11, 2019 Hannover Re and a parametrics company along with several German economic development agencies have created a natural disaster fund targeting...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains October 30, 2019 A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half...
Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma March 8, 2019 Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a...
JBA Broadens Access to Sri Lanka Flood Model to Help Bridge Protection Gap February 19, 2019 JBA Risk Management has released its Sri Lanka Flood Model onto Simplitium’s ModEx platform. The initiative is specifically aimed at...
Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues February 4, 2019 By Stephen Jewkes and Valentina Za An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to...
Global Malware Attack Could Cost Insurers $27 Billion January 29, 2019 By Noor Zainab Hussain A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion,...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap January 24, 2019 By L.S. Howard The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re November 26, 2018 Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study....