Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon October 21, 2022 Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion –...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re August 2, 2022 A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number...
Global Insurance Rates Continue to Moderate in Q1 – With the Exception of Cyber April 28, 2022 Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 8, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
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...
Secondary Perils Are Increasing Share of U.S. Catastrophe Losses January 24, 2022 Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount...
Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021 December 21, 2021 By Noor Zainab Hussain and Carolyn Cohn Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for...
Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses November 15, 2021 All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period...
Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders November 12, 2021 By Noor Zainab Hussain and Carolyn Cohn Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned...