Cat risk

Analysis

16 July 2024

The EU Taxonomy makes insurers look bad at sustainability - but is it fair?

In their first year of reporting, several major insurers have disclosed that none of their activities qualify as sustainable. Joshua Geer investigates whether the insurers or the EU Taxonomy framework is at fault
07 May 2024

The emission cost of disasters: a new class of transition risks?

Post-disaster reconstruction comes at a heavy environmental cost - and there are questions over who is responsible for paying. But the risk is as much an opportunity for insurers, as Manuel Lonfat explains
30 April 2024

Ascot's Steve Guijarro: when to stay old school, or go new school

Ascot's US chief risk officer and group head of exposure management Steve Guijarro talks to Paul Walsh about the fundamentals needed to address extreme weather, the "low hanging fruit" of AI and private equity's increasing influence on insurance
26 March 2024

NAIC climate data call could leave FIO in the cold

Climate and its impact on insurers has been a source of acrimony between state and federal insurance regulators in the US. The NAIC's recently issued climate data call, following the initiative of FIO, might not represent the warming of relations it initially seems. Sarfraz Thind reports
14 February 2024

Brickbats rain down on Australia's property insurers at parliamentary investigation

Politicians suggested Australia's insurers had only themselves to blame for a humiliating grilling over responses to 2022's flooding. But insurers said constructing homes in flood plains is not exactly helping, as David Walker reports

News

  • US crop insurance premiums to wilt further

    26 July 2024

    Drought continues to impact the sector, says AM Best

  • Japanese earthquake reinsurer reveals further detail of Noto Peninsular damage

    26 July 2024

  • Japan's general insurers call for increase in special natcat reserving rate

    26 July 2024

    Significant natural catastrophes have sent the sector's balance for "extraordinary" incidents into the red, GIAJ says

  • US homeowners' $15bn loss in 2023 was worst this century

    26 July 2024

    Migration to natcat-prone US states is fuelling insurer burden, says AM Best

  • Trump can fix US insurance crisis, says Florida's CFO

    25 July 2024

    Biden-Harris, ESG, DiCaprio and FIO all in firing line for exacerbating insurance challenges

  • German insurers dispute natcat recalibrations in Solvency II standard formula

    24 July 2024

    Trade association GDV gives feedback on Eiopa's proposals

  • Global protection gap hit record high of $1.83trn in 2023, says Swiss Re

    24 July 2024

    The reinsurer has published its sigma resilience index report

  • Nevada Senator calls on FIO to increase efforts to tackle wildfire insurance costs

    22 July 2024

  • Verisk forecasts insured wind losses from Beryl could peak at $3bn

    22 July 2024

  • Microsoft IT outage will be significant loss for insurers

    19 July 2024

    Challenge for firms where both operations and coverage hit by outage

  • Prepare for peak of solar storm activity in 2025

    19 July 2024

    WTW report urges risk managers to develop scenarios and contingency plans

  • Solar power has a bright future, but factor in climate change, says Swiss Re

    18 July 2024

    The reinsurer alerts insurers to the climate risks involved with solar power

  • Higher US SCS losses not a trend, but down to poor modelling, says KCC

    18 July 2024

    Active 2023 season was not an extreme outlier, says catastrophe modelling firm

  • US homeowners posted biggest premium growth rate in 15 years in 2023

    18 July 2024

    Surging rates increases making insurance less affordable, says III

  • MS&AD launches AI home analysis with help from UK AI developer Tractable

    17 July 2024
Most Read
  1. European insurers call for change in Solvency II's supplemental reforms
  2. Japan's FSA probes personal data leak at Tokio Marine unit
  3. Allianz UK centralises sustainability strategy with new leadership role
  4. Beazley not anticipating major hit from CrowdStrike outage
  5. AI is only used for reserving by a fraction of insurers worldwide
  6. Life and annuity reinsurer Martello Re raises $1.3bn in second financing round
  7. German insurers dispute natcat recalibrations in Solvency II standard formula
  8. Insurance Ireland prescribes tonic for Irish re/insurance market
  9. Insured losses from CrowdStrike outage could exceed $1bn for Fortune 500
  10. CrowdStrike IT outage wake-up call for technology use, says WR Berkley CEO