Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re April 8, 2020 By L.S. Howard Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty...
Coronavirus Impact on Aviation Insurance: Gallagher April 5, 2020 Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers,...
Why Artificial Intelligence Is Not the Answer for All Businesses April 3, 2020 The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better...
How Social Inflation May Affect Coronavirus Business Interruption Losses April 2, 2020 COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue...
COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report April 2, 2020 The fallout from the coronavirus pandemic and tumbling oil prices threaten the earnings of insurers in the Gulf, S&P Global...
Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS April 2, 2020 Initial insured losses for the floods that hit the UK in February are estimated at £297 million (US$367.8 milion), according...
Reinsurers ‘Smoothly’ Navigated April Renewals, Despite Working from Home: Willis Re April 1, 2020 By L.S. Howard Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after...
Coronavirus Pandemic Reveals the Science of Risk That Shapes Our Lives March 31, 2020 By Akshat Rathi Hours after the results of a risk model reached the public, U.K. Prime Minister Boris Johnson and U.S. President Donald...
Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M March 31, 2020 Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of...
Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies March 31, 2020 By Pamela Barbaglia and Greg Roumeliotis Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating...