Magazine Table of Contents
The big three reinsurance brokers reported an orderly and rational January renewals despite the challenges posed by COVID-19 exposure.
Global losses from natural disasters in 2020 came up to $210bn, of which $82bn were insured. Compared to 2019, both overall losses ($166bn) and insured losses ($57bn) were significantly higher than in the previous year.
COVID-19 has had a dramatic impact on the travel insurance market. Reinsurance will play an important role in helping the sector get back on its feet.
Distributed ledger or blockchain is a powerful technology for the reinsurance industry to grow its business while creating greater material efficiencies compared with existing technology.