Why Agents Should Care About Underinsurance
This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way …
Climate Change Worsens Effects of Natural Disasters, Costing Farmers Billions of Dollars
Natural disasters from droughts to floods are costing farmers in poorer countries billions of dollars a year in lost crops and livestock, and it’s getting worse thanks to climate change. Agricultural losses from weather events in developing nations totaled $96 …
WTW’s New Global Ecosystem Resilience Facility Provides Finance, Risk Mgmt Solutions
Willis Towers Watson, the London-based advisory, broking and solutions company, has developed the Global Ecosystem Resilience Facility (GERF), which it describes as the first global insurance facility to provide finance and risk management solutions to build the resilience of ecosystems …
Microinsurer BIMA Aims to Close Developing Nations’ Protection Gap with Life & Health Cover
The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to property protection after natural disasters. It is all aimed to …
Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment
The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is getting bigger. The protection gap is the difference between insured losses and economic losses, or uninsured losses. The protection gap …
Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report
Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report published by Clyde & Co. The protection gap is the …
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia — home to a …
Devastating S. Asia Floods Kill 1,400, Expose Lack of State Planning for Monsoons
The most devastating floods to hit South Asia in a decade have killed more than 1,400 people and focused attention on the poor planning and lack of preparedness for annual monsoon rains, as authorities struggle to get aid to millions …
Industry Relevance and Expertise ‘Ours to Lose:’ Catlin
First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he won’t be …
The Nature Conservancy, Blue Marble Offer Microinsurance for LatAm Ranchers
The Nature Conservancy (TNC) and Blue Marble Microinsurance announced they have formed a partnership designed to provide microinsurance for small ranchers in Latin America who use a weather-resilient practice called “silvopasture.” Silvopastoral farming is the practice of combining trees with …
