Global insurance trends

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. […]

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Global insurance trends

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. […]

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Global insurance trends

US only region with higher renewal rates

Global insurance rates trended downward at the end of 2013, driven by average pricing declines in all regions except the US, according to Marsh’s latest Global Insurance Market Quarterly Briefing. Overall rates tracked by the Marsh […]

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Global insurance trends

Aspirin effect equivalent to eradicating smoking says RMS

Financial modelling experts have confirmed the potential impact of daily Aspirin doses on life expectancy and said UK pension liabilities could rise by £100bn. Recent medical reports have confirmed the growing body of evidence that […]

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Global insurance trends

Insurers’ hands increasingly tied says EIU research

By Ralph Savage Ongoing macroeconomic uncertainty, proposed tough new regulatory regimes and risk of contagion are the biggest long-term challenges facing insurers around the world, according to a new report written by the Economist Intelligence […]