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

News

European Commission to mandate climate scenario analysis in Solvency II

Leaked plans reveal review of sustainable asset charges due in 2023

KCC expects $950m insured loss from hurricane Nicholas

Nicholas made landfall as a category 1 hurricane in Texas earlier this month

RMS increases Ida insured loss estimate to $31bn - $44bn

The catastrophe risk modeller's previous estimate was for the Gulf of Mexico region alone

Insurtech weekly: Envelop Risk, Marshmallow, Vouch, Scor, Sproutt, Porch, Previsico

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

Bill for storm Bernd keeps rising

German re/insurers' update to regulator reveals escalating claims

Lloyd's Patrick Tiernan: we can insure carbon-intensive industries, with provisos

"Socially irresponsible" to walk away from countries dependent on fossil fuels

Learn the best ways to assess the financial impacts of climate risk

InsuranceERM's virtual conference will take place on 22-23 of September

Catastrophe loss ratios are likely to exceed budgets

Jefferies says year-to-date losses appear to be 15% above the long-term average

Flat renewals are no longer feasible, says Hannover Re

German reinsurer continues to explore cyber risk opportunities from SME clients

AM Best: market adaptation key in future ratings process

How re/insurers respond to market trends will be vital, rating agency says

Analysis

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

Social inflation: 800lbs gorilla or 80lbs monkey?

Casualty insurers are complaining about rising liability losses, driven by a litigious US culture and changing social attitudes. But could a far worse catastrophe be ahead of them? Sarfraz Thind reports

UN climate report: insurers ready to drive radical change

Paul Walsh rounds up reactions from insurers, trade associations and industry experts to the findings of a landmark United Nations (UN) climate report - described as a "code red for humanity".

The US Climate Survey: good, bad and ugly

US insurers' efforts to understand and mitigate climate risks is difficult to discern, but the NYDFS and InsuranceERM have dug into the NAIC's annual survey to find patchy progress and some surprising opinions. Sarfraz Thind and David Walker report

Allianz's Aylin Somersan Coqui: with crises come opportunities

The chief risk officer of one of the world's largest insurers talks to Cintia Cheong about her changing role, the risks Allianz faces and how Covid-19 has changed the way risk is managed

Cat modellers go physical to understand climate threats

Insurers' modelling of natural catastrophes has predominantly relied on historical data, but this approach is becoming unsuitable as the climate changes. Paul Walsh investigates the new techniques being developed