QBE eyes full picture of cyber catastrophes with RMS system
QBE Insurance Group has licenced the RMS Cyber Accumulation Management System as it attempts to model potential cyber catastrophes on a massive scale. As a proximate [...]
Global insurance trends
Credit insurer pessimistic on global trade growth
trade and economic growth are becoming increasingly disentangled with 2016 likely to be the first year in more than a decade in which the pace of trade growth fails to match the pace of GDP growth [...]
Swiss Re focusing on tech R&D says Mumenthaler
Amid difficult short- and mid-term environment, Swiss Re said its strategic framework, and particularly its investment in R&D and technology, positions the Group to weather the challenges. [...]
Crawford report highlights importance of scenario planning
Published in advance of the Association of Insurance and Risk Managers Conference 2015 which opens today, Scenario planning and adapting to emerging risks; A risk manager’s essential guide, analyses six key risk areas to reveal the latest practice by corporates. [...]
2014 proving releatively benign so far for catastrophe losses
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) [...]
Economic loss numbers drop almost 50% in H1 2014
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. [...]
2013 global insured catastrophe losses fall by $36bn
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. [...]
London in danger of slipping back in global insurance league table says LMG Chairman
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. [...]
