Natural Catastrophe

By Robert Muir-Wood, Chief Research Officer, Moody’s RMS

The insurance industry has a big part to play in mitigating climate risk and needs to start developing risk transfer solutions that will stand the test of time

Better regulatory clarity and nat cat capacity restrictions are boosting the development of parametric insurance in Latin America, according to experts.

Companies around the world are accelerating their commitments to net-zero emissions by 2050. While the construction sector is playing its part by switching to sustainable energy and adopting modern building methods, the move towards carbon neutrality will likely see a significant shift in the risk landscape, and the need for greater collaboration within the insurance industry to help underwrite new risks.

Meg Green speaks to Paul Lavelle about the P&C market today, the impact of cyber, and social infation.

Hank Watkins offers his thoughts on the lack of property cat coverage and the knock-on effect on policyholders.

Adrien Robinson joins Meg Green to discuss climate change, systemic cyber risk and the pace of technological change - and the impact of all three on the insurance world.

Latin America’s insurance market is exposed to an impressive range of natural catastrophes. To the traditional perils of earthquakes in the Andes and Mexico and hurricanes in Central America and the Caribbean, new(ish) threats have gained weight of late such of floods across the region and droughts in the Southern Cone.

Join our panellists as they bring to life the vision behind this key strategic innovation and explain how this new era data integration has arrived at the perfect time for the property catastrophe market.

The global reinsurance market has been confronted with rising inflation, macroeconomic and geopolitical volatility, as well as increasingly frequent extreme weather events, causing a complex and challenging renewal season.

The CEO of recently-founded Bermuda-based company ReFlex Solutions talks to Meg Green about the founding of the company and the market gap they're looking to fill.

Recent climate events have dented Brazil’s reputation as a non-catastrophic market, a perception that is set to have an impact on the country’s insurance market.

Insurance companies are faced with new challenges as severe weather events continue to impact renewable energy projects and are working to improve their understanding and management of risk in the sector through technical engineering capabilities and increased collaboration with industry stakeholders.

Airmic’s latest survey has identified that climate risk is not being prioritized among its members and that risk professionals are more concerned with managing severe short-term risks, such as flooding and tropical cyclones than the long-term impact of climate change.

Climate-related risks are accumulating in supply chains, posing a growing threat to business interruption insurers and their clients.

Tim Edwards talks to Meg Green, live at the London Market Conference 2022, about nat cat loss trends and the fallout of Hurricane Ian.

ICEYE explains how improvements in optical imagery can help track and monitor hurricanes like Ian

A new ebook from ICEYE, available to download here, explores the art of the possible for (re)insurers.

KBRA looks at a new report on the threat to coastal communities from rising sea levels in the coming decades.

Some insurers will struggle to obtain the reinsurance protection they need, according to Marcus Winter, President and CEO of Munich Re US.

Meg Green talks to Beat Kramer Mölbert, Head of Property Underwriting EMEA at Swiss Re, about the difficult economic conditions, tightening capacity and an uptick in natural catastrophes facing the property reinsurance market today.

Managing wildfire risk is an increasing concern for reinsurers.

The impacts on insurers from Hurricane Ian are likely to be material but manageable, according to a report from global rating agency KBRA.

Live from Target Markets in Scottsdale AZ, Meg Green talks to Ryan Jesenik about the future of MGUs and the fallout of Hurricane Ian.

The nation recently recorded almost $4bn in losses in less than three months

Secondary perils are not new to the (re)insurance industry. The risks presented by wildfires, hail and wind have long been modelled, assessed and underwritten by insurers and reinsurers alike.

There’s been no let-up in nat cat events so far this year, with insured losses topping $10bn in the first quarter alone, for the sixth consecutive year.

Climate change is a major concern for our societies as a whole and our industry in particular.

Insurers are adopting trailblazing solutions to predict the locations of large-scale infernos

As losses from secondary perils continue to reach levels typically seen from hurricanes and earthquakes on an aggregate or individual event basis, insurers need to lead the discussion on risk mitigation, says Dan Dick, Global Head of Property Analytics at Aon’s Reinsurance Solutions.