Yesterday the world held its breath, as two strong earthquakes within hours of each other shook the Indian Ocean sea bed, not far from the epicenter of the quake in 2004, which generated a tsunami that took over a quarter …
An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and logistics industry, has revealed human error to be the main cause of supply chain claims. TT Club said its research is …
Despite delays and complaints the European Union’s Solvency II regulations, which cover the insurance industry, are slowly but surely moving forward. While most of the industry is primarily concerned with the regulations governing capital requirements – Solvency II’s “Pillar I,” …
Catastrophe modeling firm AIR Worldwide’s report on the earthquake that struck central Chile on Sunday night concludes that, although the quake was a strong tremor – magnitude 7.1 – minimal damages are expected, and no significant loss of life has …
Catastrophe modeling firm AIR Worldwide has issued a bulletin analyzing the magnitude 7.4 earthquake that struck southwestern Mexico yesterday. Dr. Tao Lai, Principal Engineer at AIR Worldwide, explained that the “tectonic setting of western Oaxaca is shaped by the subduction …
Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a large insurance company?” In order to find the answers Allianz announced that it’s now part of a “unique consortium including …
Catastrophe modeling firm AIR Worldwide has released a new report – “Understanding Earthquake Risk in Japan Following the Tohoku-Oki Earthquake of March 11, 2011.” The report stresses that the “M9.0 Tohoku earthquake changed the seismic risk landscape of Japan. In …
A.M. Best Co. has released a briefing that provides updated estimates of insurers’ losses from the Thailand floods. The overall industry wide insurers’ loss estimates from the floods have increased 50 percent to $15 billion since Best’s last briefing on …
The International Underwriting Association announced a number of new initiatives to enhance and expand its statistics for the London company market in 2012. In 2011 it published a “groundbreaking analysis that comprehensively measured premium income generated by insurance and reinsurance …
Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1. Chief Economist Kurt Karl began the discussion with an admonition that the …
