by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 “Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These...
by AIP Online Bureau | May 11, 2023 | Climate, Environment, Renewable Energy, Data, Disaster & Management, Eco/Invest/Demography
The number of people displaced inside their country at the end of the year because of disasters like floods and famine reached 8.7 million, up by 45 per cent from 2021 The war in Ukraine helped push the global total of people left internally displaced by conflict or...
by AIP Online Bureau | 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...
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 | Oct 19, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Michal Lörinc, head of catastrophe insight in Aon’s Impact Forecasting team, said: “It is anticipated that there will be robust loss development across many of the reported natural catastrophes, especially with the realization of costs associated with recent tropical...
