by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, Features, Non-Life, Policy, Reinsurance, Risk Management
“Catastrophe risk management falls within the realm of public management. A lack of understanding of that “public nature” in China has led to “a simplistic approach of delegating the job to the insurance industry, which is ill-equipped to shoulder the entire...
by AIP Online Bureau | Nov 2, 2024 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
The report highlights that insured losses from primary perils during the first nine months of 2024 were relatively low, with no event exhibiting the potential to significantly impact the broader reinsurance market LONDON: A report by Aon plc reveals that there were at...
by AIP Online Bureau | Mar 11, 2024 | Climate, Environment, Renewable Energy, Health, International News, Non-Life, Reinsurance, Risk Management
Without more urgent action, the EEA said most of the 36 climate risks facing Europe could hit “critical or catastrophic levels” this century. They include risks to health, crop production and infrastructure BRUSSELS: Countries across Europe should prepare...
by AIP Online Bureau | Aug 9, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...
