Research and Trends News

Moody’s, Amwins Expect Continued Cyber Market Growth

Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on the sector’s landscape. Moody’s shared that the market is …

US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report

Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023 – a 20-year …

Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds

Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding. Of the more than 1,000 cities around the world that the …

Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains

Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. …

Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives

As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …

Global Non-Life Reinsurer’s Profits to Peak in 2024: Fitch Ratings

Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was 84.2, and forecasting continued profits for the rest of 2024 and 2025 also. But while reinsurers will continue to maintain …

Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers

Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting reinsurers, Munich Re is …

What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays.

To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …

Frequency of Deadly Hurricanes Has Jumped 300%

New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer. The new report analyzes data within the U.S. via its Hurricane Rainfall …

Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT …