Cat risk Catastrophe Bonds, Hurricanes, Earthquakes, Floods, Sidecars/ILW

News

US weather disasters dominate 2021 insured losses

Munich Re says extreme weather events can be linked to climate change

Experts wanted for Eiopa's cat risk network

The network shares expertise on nat cat and climate risk topics

Covid-19 pandemic ranked third all-time costliest cat

Insurers can now look to cyber and climate as next greatest risks, says Howden

July's European floods caused $12bn of insured losses

Cresta says the catastrophe topped industry losses, excluding the US, in 2021

German insurers suffered €12.5bn of natural disaster losses in 2021

It has been the most expensive nat cat year since records began in the 1970s, says GDV

Perils rules out storm Arwen and Barra loss reports

Data provider said losses for both events will be below €200m each

Bermudian insurers raise catastrophe buffers

Opposite trend for groups, according to BMA's analysis

Insurtech weekly: Eos, Twelve Capital, VYRD, Stere, Ibisa, IFoA, Neptune, Integrity

InsuranceERM rounds up the latest fundraisings and partnerships from the world of insurtech

Insurers foot $112bn catastrophe bill in 2021, says Swiss Re

More investment in infrastructure needed to mitigate rising natural disasters

KCC warns of $3bn insurance hit from US tornado outbreak

Property and vehicle damage reported in five states

Primary insurers set to suffer the brunt of US tornado losses

Tornadoes struck across six US states with Kentucky the worst affected

Net-zero underwriting tools are at "nascent" state

ClimateWise report reviews the options available for insurers

Bermudian insurers take bigger share of global cat losses

The Bermuda Monetary Authority stressed the island's market remains resilient

Arch and Fidelis adopt WTW's climate accreditation framework

Announcement comes after Scor and Liberty supported the framework

Australia reveals laws for property reinsurance pool

Government will backstop natural catastrophe cover with A$10bn

Apac reinsurers push for more underwriting risk in new lines

Next April's renewals could be "tough" for Japan's reinsurers, S&P Global Ratings says

Analysis

Apac re/insurers welcome the alternative

Regulators in Asia have been busy creating frameworks for insurers to transfer risk to capital markets investors. Re/insurers are keen to tap this alternative source of capital, if the structures are right. David Walker reports

2021 Atlantic hurricane season: "shorties", northeastern losses and rapid intensification

This year's Atlantic hurricane season may not have broken the records of its predecessor, but it was notable for the emergence of several worrying trends. Paul Walsh reports

The FIO's climate letters reveal burning desires

The Federal Insurance Office (FIO) has published a raft of comment letters after its request for information on climate regulation. Could this be the tinder to spark new rules? Sarfraz Thind reports

Facilitating the transition

Don Forgeron, president of the Global Federation of Insurance Associations, discusses what role the insurance sector can play in global efforts to mitigate and adapt to climate change

What's driving growth in nat cat losses?

Experts at the Insurance Risk & Capital Americas conference discussed trends in natural catastrophe loss exposures, model constraints and how insurers should address insurability of high-risk properties. Cintia Cheong reports

Climate risk enables insurance technology to blaze a trail

Acute regulatory, shareholder and consumer pressure on climate change is fuelling increasing demand from insurers for technology to assess the impact of climate risk. Ronan McCaughey explains how insurance software vendors are responding to the challenge