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People & Social News
German insurers’ combined ratios could rise 5% due to floods
Last week's severe floods in Germany could add up to 5% to the country's non-life insurers’ net combined ratios, according to Fitch Ratings.
Wednesday 21st July 2021
Global insurance premiums soar amid Covid turmoil
Rising risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines are forecast to push total premium volumes 10% higher than pre-COVID-19 levels this year.
Wednesday 21st July 2021
Net-Zero Insurance Alliance launched ahead of COP26
Eight of the world’s leading insurers and reinsurers have committed to transition their underwriting portfolios to net-zero greenhouse gas emissions by 2050 with the formation of a new initiative.
Wednesday 14th July 2021
Australia consults on cyclone reinsurance pool
Australia’s federal government is consulting on proposals for a cyclone reinsurance pool taskforce.
Tuesday 25th May 2021
Natural catastrophes accelerate reinsurance demand in Asa-Pacific
The growing frequency of natural catastrophes has increased demand for reinsurance in the Asia-Pacific (APAC) region as domestic insurers seek financial resources to cover the risks.
Friday 21st May 2021
Reinsurance capital grows by 7% worldwide
Total capital dedicated to reinsurance grew by 7% to reach $658bn (£490bn) last year worldwide, while there were also signs of an underlying improvement to the industry's combined ratio.
Tuesday 13th April 2021
Insured losses from natural disasters rise by 50%
Global insured losses from wildfires, flooding and other natural disasters increased by 50% last year amid ongoing climate change and urbanisation, Swiss Re has revealed.
Tuesday 30th March 2021
InsurTech investment hits record high
Insurance technology companies attracted a record $7.1bn (£5.15bn) of investment across 377 deals last year, analysis by Willis Towers Watson (WTW) has revealed.
Tuesday 9th February 2021
Natural disasters expose huge insurance protection gap
Around two-thirds of the economic losses resulting from natural disasters last year were not covered by insurance, and the protection gap continues to grow due to the world's changing climate.
Tuesday 26th January 2021
Insured losses from natural disasters rise in 2020
Insurance companies suffered significantly higher losses from natural disasters in 2020 than they did the previous year, research from Munich Re has revealed.
Wednesday 13th January 2021