Demand for `International Insurance Programmes’ grow as APAC businesses expand beyond local borders:Aon

by | Feb 23, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Natural catastrophe events continued to drive large losses and pressure marketconditions for property insurance.  Changes to the reinsurance market, including higher costs and retentions, and some coverage restrictions, will drive rate increases for both local...

Aon’s rebuilding for resilience project addresses Hurricane Ian devastation

by | Feb 19, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

Dan Dick, global head of property analytics at Aon’s Reinsurance Solutions, said: “Our teams gained first-hand experience of the devastation caused by this historic hurricane, which allowed us to conduct thorough analyses and identify practical steps to improve...
Global insured losses from natural disasters exceed $130 Billion in 2022, second-costliest event on record: Aon

Global insured losses from natural disasters exceed $130 Billion in 2022, second-costliest event on record: Aon

by | Jan 26, 2023 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Data show that 2022 was the fifth costliest year on record for insurers, with approximately $50-55 billion of the global insured loss total resulting from Hurricane Ian in the United States – the second-costliest natural catastrophe in history from an insurance...

Leading reinsurers and Aon join hands to implement Open Exposure Data, to reduce costs and increase transparency

by | Jan 25, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The Open Exposure Data Standard will also lower barriers of entry for model developers – including commercial vendors, third-party data providers and academia and other research institutions. Initial testing on reinsurance placement data for Japan, Australia and China...