Global insurance trends

From 200 Vessels Lost a Year to Just 23: Maritime Safety Has Made True Progress

An in-depth look at the shipping sector from Allianz Commercial. There are concerns over losses in Asia, but otherwise the news is good; Given as much as 90% of international trade is transported across oceans, […]

News

Hannover Re Financials Jan-Mar 2024: Highlights & Losses, But Income Up 15%

Some key points from the Hannover Re results published earlier today; Hannover Re increased Group net income by 15% in the first quarter to EUR 558 million and confirms its guidance for the full 2024 […]

News

Resilience Expands Its Cyber Cover Options

 Resilience, say they have raised the standard in the cyber insurance industry with new integrated capabilities that enable enterprises to continuously monitor and prioritize their mitigation and transfer of cyber risk. Here’s the word; Following […]

Global insurance trends

Swiss Re Estimates 2023 Was a Record Year For Cat Events

The latest analysis from Swiss Re suggests that there were a record number of Cat events recorded worldwide. However, like the weather trends long term, some deep analysis of the way storm/Cat events are defined, […]

News

DBRS Morningstar Estimates Insurers Can Absorb Dali & Bridge Losses

The collapse of the Francis Scott Key Bridge and the subsequent blockage of the Port of Baltimore will trigger a large number of insurance policies, including marine liability and hull, property, cargo, and business interruption. […]

Legal

Complex Legal Claims: Beware of Cost-Cutting

Interesting viewpoint here on legal expense claims, especially complex cases; People using legal expenses insurance in contentious litigation have been warned to check their case is being dealt with by an appropriate lawyer. The advice […]

Global insurance trends

Property Risks in Focus For Japanese Market Insurers

Latest report extract from GlobalData; The Japanese property insurers are likely to withstand losses and will not be negatively impacted by the 7.6 magnitude earthquake that struck the Noto Peninsula in Ishikawa Prefecture, on 1 […]

Global insurance trends

Global Cat Losses in Focus For Willis Towers Watson

WTW offers some insights on Cat events and insured losses during 2023. For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however  with a total economic loss surpassing US$350 billion, […]