Reinsurance

IPCC report a call to action for all, especially countries like India: Co-authors

As per the report's indicators, India, with a large coastline and millions of people surviving on the revenue they earn from fisheries, has many things to worry about. With the rise in seawater level, which the report documented as 3.7 mm per year between 2006 and...

Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re

Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re

This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report "The magnitude of losses in 2022 is not a story of exceptional natural hazards, but rather a picture of growing property...

Chile partners with WB insurance program, gets $630 million worth of earthquake damage protection

“This insurance will allow Chile to receive pre-established compensation payments for up to the maximum coverage, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said. “If...