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IGI: Climate, Weather-Related Disasters Surged Five Fold in Last 50 Years

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Slow moving storms in Europe may become 14 times more common, leading to an increase in frequency and severity of flooding, said Richard Foster, head of Property, Political Violence & Contingency, IGI.

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  • Managing inflation risk on both sides of the balance sheet

    Central banks have hiked their base rates in response to inflation. For insurers, both sides of their balance sheet have been left exposed to risks, impacting profitability as the cost of claims increase and the value of investments fall. While geopolitical tensions and inflationary pressures continue to pose a threat to the global economic landscape, how can insurers mitigate the risk of inflation-driven exposures?
  • The View from Bermuda: 1/1 Renewals 'Reset' The Reinsurance Market

    As the dust settles on a hectic 1/1 renewal season, the Bermuda market is catching its breath and looking forward to 2023. On a trip to Bermuda earlier this month, a number of senior leaders told Insider Engage that the renewals were chaotic and underwriters were very busy the week between Christmas and New Year’s, as rates, terms and conditions hardened dramatically.
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    Lloyd’s Market Association CEO Sheila Cameron is looking forward to an action-packed year: new regulation, digitisation and human resources development are all in the mix