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

News

Miami could face $100bn insured losses from hurricane hit

CoreLogic's Tom Larsen said insurers are demanding information on precise numbers of homes at risk

ICEYE launches flood analytics platform for insurers

The nat cat data provider said the tool will support insurers with rapid decision-making

Australian insurers' rebuild costs rocket 12% in a month

Industry still repairing flood-hit areas from February/March

French insurers hit for over €1bn in claims after May and June storms

France Assureurs said the country's insurers are "fully mobilised" to support the claims

Verisk: insurers must focus on inflation during hurricane season

The US data analytics provider said an increase in cost of materials and labour contributed to unusual market pricing in 2021

German insurers' spare capacity for extreme weather risk could cover almost all properties

But Signal Iduna says only half of German homeowners buying "elemental cover" since Bernd

GDV issues fresh call for post-Bernd natcat mitigation

German homes have been rebuilt on flood-risk sites since last summer's disaster

CBIRC gives insurers one year to implement green guidelines

Insurers should rewrite contracts to encourage ESG improvements among customers, rules say

Australian Q1 flood costs hit A$4.3bn

IAG's Mark Leplastrier warns climate change's effects are "impacting communities now"

No quick fix to Florida insurance crisis, says APCIA

Industry body praises reforms passed last week but warns the state's insurers still face threats

Analysis

Hanfa's Ilijana Jeleč: Croatian insurers face a challenging year

Ahead of hosting the IAIS Global Seminar this week, Croatia's insurance regulator Ilijana Jeleč talks Sarfraz Thind about developing the market in this land of a thousand islands

Hot property! Australia faces up to un-insurability threat

Record costs of recurring natural catastrophes risk turning property re/insurance in Australia into a niche product for low-risk homes, finds David Walker

A new standard for liability risk data

Open data standards for risk modelling are helping improve the efficiency and value of risk management in the insurance sector, Today, a new standard for liability risks is being launched, as Dickie Whitaker explains

Connecting catastrophe with climate

Christopher Cundy talks to Nick Hassam and Thomas Loridan, the founders of Reask, on how their physics-driven catastrophe models are enabling insurers to better understand climate risk

IPCC report should inspire insurers to create biodiversity protection products

The UN body has warned of biodiversity hotspots that need coverage and the need for more focus on adaptation measures in its latest assessment of climate change. Paul Walsh reports

Germany's insurers ready for the green light

Trade association GDV has detailed plans for national-level reforms in 2022, and is hoping progress will not be stalled by the newly formed coalition government. David Walker reports