Cargo Thieves Target Electronics, Chemicals, Pharmaceuticals: German Insurance Study August 17, 2023 German transport insurers report a significant increase in stolen goods – with thieves targeting electronic devices as well as chemical...
Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report August 17, 2023 By Alastair Marsh Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate...
2023 Summer Heatwaves – Insights on Heat Stress in a Changing Climate: RMS August 15, 2023 By Matthew Couldrey, Shree Khare, Robert Muir-Wood and Keven Roy Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of...
Antarctica Risks ‘Cascades of Extreme Events’ as Earth Warms: Study August 11, 2023 By Liza Tetley Extreme weather in Antarctica, including ocean heat waves and ice loss, is set to become more intense unless urgent policy...
Global Insurance M&A Drops Sharply in First Half 2023 August 11, 2023 Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June August 10, 2023 By Allen Laman Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report...
Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re August 9, 2023 By L.S. Howard Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses...
Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS August 8, 2023 The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh July 31, 2023 Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh,...