by AIP Online Bureau | Jul 27, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...
by AIP Online Bureau | Jul 27, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News
Steve Bowen, managing director and head of Catastrophe Insight for Aon’s Impact Forecasting team, said: “The continued effects of La Niña conditions, amplified by climate change’s influence on global weather patterns, not only increased volatility and intensified many...
by AIP Online Bureau | Jan 25, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News
Only 38 percent of natural peril losses were covered by insurance, an improvement from last year CHICAGO: Aon plc’s 2021 Weather, Climate and Catastrophe Insight report reveals a total of $343 billion in economic losses in 2021, $329 billion of which resulted from...
by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The two costliest natural disasters of the year were both recorded in the US. Hurricane Ida wreaked USD 30 – 32 billion in estimated insured damages,including flooding in New York, and winter storm Uri caused USD 15 billion in insured losses, ”In 2021, insured losses...
by AIP Online Bureau | Nov 16, 2021 | International News, Life, Non-Life, Pandemic, Reinsurance
Sharply lower non-life claims related to the coronavirus pandemic more than offset high, and above-budget, natural catastrophe losses, Fitch Ratings says. The pandemic had a strong impact on the life and health reinsurance activities of the major reinsurers, which had...
