Natural catastrophes caused total economic losses of US$41bn, well below the US$59bn in H1 2013 and the average first-half year loss of the previous 10 years (US$94bn) […]
Around 39% of global economic losses sustained during the first half of 2014 were covered by either private or government-sponsored insurance programs, slightly above the 10-year (2004-2013) average of 30%, highlighting that a greater proportion of disaster losses occurred in regions with higher insurance penetration. […]
The aim of the ARC catastrophe insurance pool is to reduce African governments’ reliance on external emergency aid. […]
BIBA 2014’s opening debate was punctuated by a moment of contrition, as panellists and audience rounded on the industry’s reputation as portrayed by the media. In a gripping session chaired by Channel 4 news anchor […]
Insurers and brokers have painted an optimistic picture for the sector, with a majority predicting strong growth over the next five years and a surge in the prospects of life/critical illness and health insurance lines. […]
According to the latest sigma study, global insured losses from natural catastrophes and man-made disasters were $45 billion in 2013, down from $81 billion in 2012. Of the 2013 insured losses, $37 billion were generated by natural catastrophes, with hail in Europe and floods in many regions being the main drivers. […]
At its best this market provides a unique and unrivalled service to our customers. We provide solutions to their problems in a way that no other insurance centre or capital market can do. We provide help when they most need it. But there is increasing evidence that London’s position in the global industry is slipping. So I want to use the unique cross-market vehicle that LMG is to understand why that is, to understand our customers’ needs better and then do something about the issues we have. […]
The British Property Federation (BPF) has welcomed a change to Flood Re scheme which will see leasehold properties in blocks of three or fewer flats included, but has warned that this still does not offer security to a high number of homeowners […]
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