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Insurance & Reinsurance

Micro-insurance expanding rapidly says Munich Re & ILO

10 April 2012 alastair walker 0

The number of microinsurance schemes worldwide has increased substantially over the past five years and now reaches an estimated 500 million worldwide, according to the Microinsurance Innovation Facility of the International Labour Organization and the […]

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Insurance & Reinsurance

Lloyd’s CEO in rate discipline call after $800m loss

28 March 2012 alastair walker 0

Following the second costliest year for catastrophes on record for the insurance industry, Lloyd’s today announced a loss of £516 million (US$800 million) for 2011. Lloyd’s incurred total net claims of £12.9 billion (US$20.6 billion) […]

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