Emerging Risk

2020: Cambridge Uni Study Says Catastrophe Risk is Increasing

The Centre for Risk Studies at the University of Cambridge Judge Business School has released its annual Global Risk Index, which suggests around $584 billion (1.55% of 2020 GDP) could be wiped off the global economy by catastrophic […]

Insurance Regulation

Regulatory: EIOPA Publishes Climate Change Enhanced Solvency II Guidelines

The European Insurance and Occupational Pensions Authority (EIOPA) published today an Opinion on Sustainability and Solvency II. The Opinion addresses the integration of climate-related risks in Solvency II Pillar I requirements. While Solvency II – as […]

Insurance & Reinsurance

TT Club Results – Doing a Bit Better Than That Woodford Bloke

TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2018, and A.M. Best affirms its A- (Excellent) rating Highlights: ·         $195.0 million gross earned premiums […]

Flood Insurance

RMS Estimate Costs of Typhoon Jebi at over US $3 Billion

RMS, a global risk modelling and analytics firm, has estimated that the insured loss for Japan from Typhoon Jebi will be between USD$3 billion and $5.5billion (¥340 to ¥620billion). This estimate is based on analysis of […]

News

AIG Europe Results Show Storm Damage Hit The Bottom Line

AIG Europe Limited (AEL) reported a 7% increase in Net Premiums Written for the year ended 30 November 2017, supported by underlying business growth as well as favourable currency movements. The high level of natural […]

Global insurance trends

2017 Proved a Tough Year for Reinsurance Market, Says Willis Re

With recent catastrophe loss estimates in the region of US$136 billion, 2017 is proving to be one of the worst loss years on record for the global (re)insurance market, according to the latest 1st View […]

Global insurance trends

Marine Insurance 2017: Hurricanes Hit a Soft Market For Six

2017 Review – Insurance In The Eye of The Storm Here are some comments looking back at the turbulent events of 2017 which affected marine insurance, plus the knock-on effect for those in the commercial […]