The industry must continue its efforts to address cyber risk better said AIG president and CEO Peter Zaffino, during an Aon fireside chat.
Global risk and reinsurance specialist Guy Carpenter has launched a wildfire risk score (WRS) designed to help clients manage their exposure to the evolving risk of wildfire across Europe.
Speakers at the Annual Insurance Summit organised by the National Insurance Academy recently emphasised the need for collaboration between different stakeholders to bridge the insurance protection gap in the country.
Descartes Underwriting, the largest independent parametric-specialised firm, has formed a partnership with ICEYE, a leader in persistent monitoring and provider of flood hazard data.
US weathered 18 weather and climate disaster events with losses exceeding $1bn each across the country till September during 2021.
Insured losses from natural catastrophes are expected to be at or above the budget expectations of global reinsurers in 2021 as well, the fifth year in a row, according to S&P Global Ratings analysis.
Paris headquartered global insurer AXA has announced new commitments to preserve biodiversity by implementing a plan to fight against the deterioration of forest ecosystems.
Three Japanese insurance companies have joined the UN-convened Net-Zero Asset Owner Alliance, adding a combined$1.4tn to total assets under management (AUM) and total membership of 53.
While insured losses due to natural disasters are rising, the increase in economic losses is greater, according to Mr Nicolas Gregory of the Southern Europe and MEA division of Swiss Re.
Australians can expect an average or slightly above average cyclone season with an increased risk of widespread flooding over the east and north according to country's Bureau of Meteorology's (BOM) Severe Weather Outlook released in October 2021.