Reinsurance

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.

Insured losses from natural disasters hit $105bn

Enhancing reinsurance is an essential part of optimising life and health insurance companies’ financial position, says Greg Solomon

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

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.

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.

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.

Australia’s federal government is consulting on proposals for a cyclone reinsurance pool taskforce.

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.

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.