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News

Ten steps on how to win an InsuranceERM Award

Deadline for entries is Friday 11 December

COMMENT: Never say never again

Ronan McCaughey reflects on 2020 and what action points insurers can take from the year

Hurricane Iota devastates Central America

Deaths have been recorded in Nicaragua, Honduras, Colombia, Guatemala, Panama and El Salvador

Australian insurers likely to appeal after losing BI test-case

Further cases on policy issues not yet tested in court are probable

Australian properties at "high risk" will double as severe weather increases

Climate analyst warns adaptation is needed as climate change intensifies

Average annual cat losses hit $100bn

AIR Worldwide says the 100-year return period loss is currently $301bn

Berkshire Hathaway incurs further reinsurance losses in Q3

Covid-19 losses climb to $668m, while hurricanes Laura and Sally cost $308m

Guy Carpenter launches Vietnam flood model

It is based on a 10,000-year stochastic catalogue simulating both fluvial and pluvial flooding

Hurricane Zeta: loss estimates from KCC, AIR, CoreLogic, RMS

Catastrophe modellers predict up to $5.5bn in insured losses

Analysis

WTW's Rowan Douglas: riding the wave of climate risk awareness

The head of Willis Towers Watson's Climate and Resilience Hub has been on a major hiring spree. He talks to Cintia Cheong about how interest in climate risk has surged and why insurers are demanding advice and analytical tools

How actuaries can make a difference on climate risk

Actuaries can play important roles in helping to address the challenges of climate-related risks, according to the International Actuarial Association. Ronan McCaughey reports

Covid-19 is bad, but cyberattacks and climate change may be worse

...so say the world's top reinsurers when asked about the most severe risks facing the industry. Paul Walsh reports

Covid-19 claims fall short of forecasts... so far

Cintia Cheong investigates why claims related to the pandemic have failed to live up to forecasts in the early part of this year

The cloud is a silver lining amid Covid-19

Covid-19 has put to bed any doubts about the use of cloud technology for risk and capital management. The pandemic will also drive more sophisticated risk modelling, as Ronan McCaughey discusses in his review of key trends in the risk software markets

Pandemic protection: what a public/private solution might look like

Swiss Re's Ivo Menzinger has overseen many innovative public/private partnerships to insure risks at a regional and national level. Now he is focusing on pandemic protection programmes, he explains to David Walker