Unprecedented flooding in Australia and South Africa saw total insured losses from natural catastrophes reach $35bn (£29bn) in the first half of 2022, Swiss Re has found.
Natural disasters resulted in around $39bn (£32bn) of insured losses during the first six months of this year, which is 18% higher than the 21st century average of $33bn.
New coal power capacity is becoming increasingly difficult to insure outside of China, with utilities now turning to inexperienced companies for coverage.
London's insurance market could double in size thanks to the various opportunities presented by the global transition to net-zero emissions, analysis suggests.
European and North American insurers should expect a spike in cyber insurance claims following Russia's invasion of Ukraine, although these are likely to be manageable for most companies.
Last year was the fourth-busiest for mergers and acquisitions (M&A) within the global insurance industry, with the pandemic encouraging companies to seek alternative routes to growth.
Storms, floods, wildfires and earthquakes destroyed assets worth $280bn (£206bn) last year, which is a third more than the $210bn of losses recorded in 2020, Munich Re has revealed.
How do insurers deal with counterparty credit risk? Mudi Ugono discusses the findings of a survey carried out by the Insurer’s Hidden Risk From Reinsurance Recaptures Working Party
