by AIP Online Bureau | Nov 3, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance
Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...
by AIP Online Bureau | Oct 24, 2022 | Disaster & Management, Eco/Invest/Demography, International News
`On 20 October we assigned a rating of ‘B’ to Barbados’s US dollar-denominated global bonds maturing on 1 October 2029. The issue includes provisions for payments to bondholders to be deferred for up to two years in the event of a pre-defined natural disaster. This is...
by AIP Online Bureau | Sep 16, 2022 | International News, Non-Life, Reinsurance
Non-life insurance sectors would typically be most exposed under the scenario, particularly those with a high proportion of long-tail business where higher-than-anticipated claims inflation could lead to reserve deficiencies London: Insurance sector outlooks in...
by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Pandemic, Reinsurance
Asia-Pacific reinsurers face weather-related catastrophe losses from flooding and drought, such as the major floods in eastern Australia and China in 2022. Reinsurers are re-assessing risk modelling and catastrophe management frameworks to help quantify potential...
by AIP Online Bureau | Jun 20, 2022 | Eco/Invest/Demography, International News, Non-Life
The effects of macroeconomic deterioration, soaring inflation and the continuing price cap on motor third-party liability (MTPL) insurance could push some insurers below minimum regulatory solvency levels, forcing them to raise capital or to be acquired by stronger...
