Munich Re also offers reinsurance on policies underwritten by these...
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Covid kills one person every four minutes as vaccination rates fall
A key question is how to handle a virus that’s become less...
How the World Health Organization could fight future pandemics
A new pact is a priority for WHO chief Tedros Adhanom Ghebreyesus...
Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs
Cryptocurrencies, while being much debated, are not believed to be suitable investments for portfolios at this stage, while a third of those surveyed view them as a potential risk to financial markets.
PwC survey finds cyber insurance underwriting is profitable for Now: PwC
Companies are most worried about cyber-related business interruption/contingent business interruption because it has a potential systemic impact.
Insurer-Backed research urges reform of fire tests of British building materials
Only non-combustible materials should be used in construction and the testing regime should be reformed to reflect real world conditions, the Association of British Insurers said in its submission to a government-commissioned independent review of buildings regulations and fire safety.
China on track to become world’s largest insurance market: Allianz study
With 1.1 trillion euros (1.33 trillion U.S. dollars), representing over 30 percent of global premium income, the United States, currently is the world’s largest insurance market, but it will lose its rank to China next decade, the group’s report showed, predicting “a historic change of guard.”
EU’s Barnier plays down bespoke Brexit deal for British financial sector
“Why would the equivalence system, which works well for the U.S. industry, not work for the City?,” Michel Barnier told a financial conference in Sofia, the Bulgarian capital.The so-called equivalence system works on the basis of Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems their home rules to be similar enough.
Cat Bond issuance reaches record in Jan-Mar Qtr
The first quarter catastrophe bond issuance figure has set a positive tone for the remainder of 2018. Following the potential losses that could have been incurred from the series of 2017 natural disaster events, investors in this sector could easily have taken a ‘wait-and-see’ approach,Paul Schultz, Chief Executive Officer of Aon Securities
SCOR’s net income at EUR 166 million, up 18.6 % in Q1 2018
At the April 1, 2018, renewals, SCOR Global P&C grew gross written premiums by 13.5% at constant exchange rates to EUR 505 million, while improving risk adjusted pricing by 2.9% and maintaining stable terms and conditions. Growth was achieved in both Treaty (especially in India and the U.S.) and in Specialty Treaties (including in Agriculture, Credit and Surety and U.S. Cat).
Disasters could cost Asia-Pacific region $160 billion per year by 2030, UN warns
In her remarks, Ms. Akhtar outlined the opportunities offered by recent innovations such as catastrophe risk modelling, parametric insurance, a mix of traditional and global financial reinsurance, and concessional insurance.
Lloyd’s to end most paper trading by end of 2019
chief executive Inga Beale has already mandated that 30 percent of trading must be done digitally by the end of this year, and the aim is to hit 80 percent by the end of next year,
Reinsurer capacity remains stable despite 2017 catastrophe loss activity: Willis Re
“The pressure on traditional reinsurers from alternative capital suppliers is stronger than ever, as many participants in this market cleared their first true major test. This increase in alternative capital, as well as the global reinsurance market having more capital to deploy, is continuing to dampen price increases in the mid-year renewals”