The reinsurance market showed mixed results at the January 2022 renewals as only loss-affected lines of business, such as property catastrophe, cyber or retrocession, continued to see significant price increases, Fitch Ratings says in a new report.
Cyber security budgets of US organisations could increase by as much as 50% in the next 12 months according to nine out of 10 respondents participating in a survey by cyber security firm Kaspersky.
Secondary peril events are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters, according to a new AM Best commentary.
Economic growth goes down when the number of wet days and days with extreme rainfall go up according to a new study by a team of scientists at Potsdam Institute for Climate Impact Research (PIK).
Beginning 2022 Bank of England (BoE) will incorporate supervision of climate related financial risks into its core supervisory approach.
Germany's Federal Association of Wholesale, Foreign Trade, Services (BGA) has said that while recent trade figures show a positive trend in German international business, big potential risks lie ahead, particularly in the supply chain.
The last two years 2020 and 2021 and the instability caused by the COVID-19 pandemic, social unrest and the impact of climate change have highlighted how risks facing businesses are becoming increasingly volatile and interconnected according to Aon's 2021 Global Risk Management Survey.
The International Association of Insurance Supervisors (IAIS) yesterday published its 2022-2023 Roadmap outlining the projects and activities that form the IAIS' work programme over the next two years, guided by the IAIS's Strategic Plan 2020-2024.
Lloyd's, the world's leading marketplace for commercial, corporate and speciality risk solutions, yesterday released a new report to help insurers and risk managers navigate the significant overlap between geopolitical risks and climate change.
InsurTech Novidea has revealed trends that will drive digital transformation in the insurance market in 2022, which includes trackable hybrid working, increased customer demand for digital services and more M&A activity.