The world’s 10 largest insurance markets, in order, as defined by total premium written in 2018-2019, are: the United States, China, Japan, the United Kingdom, France, Germany, South Korea, Italy, Canada and Taiwan. The Triple-I’s projection of a 4.5% GDP decrease in the world’s 10 largest insurance markets in 2020 as compared to 2019 was weighted based on the total premium written in each one.

bolt reaches $4 bn in active insurance premium on its platform

Nov 17, 2020

“The success of our customers and partners is why it’s so exciting to see us go from $3 billion in May to $4 billion in premium on our platform in such a short time,” said Eric Gewirtzman, CEO of bolt. “We will continue to work closely with our partners with a focus on speed and innovation to stay one step ahead of customers’ needs.”

Reinsurers’ pandemic losses have started to fade:Fitch

Nov 17, 2020

All four major reinsurers have remained well capitalised so far in 2020, which was partially achieved by the issuance of subordinated debt. This allowed for strong premium growth in reinsurance, driven by higher prices, rising demand in Asia, and an increased risk appetite.

In the hands of God:’ Central America bears brunt of powerful hurricane Iota

Nov 17, 2020

About 40,000 people in Nicaragua have been evacuated to shelters, authorities said. Many coastal areas are at risk of storm surges of as much as 20 feet (6 meters) above normal tides. In Honduras, 80,000 people were moved to safety.

“It’s the strongest hurricane that has touched Nicaraguan soil since records began,” said Marcio Baca, director of the Nicaraguan Institute of Earth Studies.

This is the first time two major hurricanes have formed in the Atlantic basin in November since records began in 1851.

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