global insurance rates

Economic loss numbers drop almost 50% in H1 2014

23 July 2014 // 0 Comments

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

26 March 2014 // 0 Comments

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. [...]

Lloyd’s emerging market expansion given thumbs up

17 May 2012 // 0 Comments

The Lloyd's insurance market's planned expansion into emerging markets is a net positive, even though writing insurance outside of established markets carries additional risks, according to Fitch Ratings. Fitch said it expects the economic development of emerging market economies to boost demand for insurance and reinsurance. Lloyd's already writes 25% of its business outside of Europe and North America, with the growth of insurance premiums outpacing that of developed markets. [...]