One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows January 6, 2025 By Tom Rees Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from...
Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter December 30, 2024 Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of...
Young Drivers Warned That Policy ‘Fronting” Is Fraud December 27, 2024 One in six (17%) young drivers admit to being on a ‘fronted’ policy, which is illegal, according to research by...
Global Disease Resurgence in 2024 Shows Rising Health Threat December 27, 2024 By Karoline Kan Some infectious diseases saw a huge surge in 2024, with the spread attributed in part to climate change, declining vaccination...
European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields December 19, 2024 By Sabine Bauer and Manuel Arrivé European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles...
Future Pandemic Could Cause $13.6 Trillion in Economic Losses Over 5 Years: Lloyd’s December 11, 2024 Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance...
Quantifying Social Inflation: How Swiss Re Developed an Index December 11, 2024 By Susanne Sclafane Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels December 10, 2024 By Gautam Naik Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums...
Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record December 9, 2024 By Olivia Rudgard This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for...
UK Issues Red Warning as Storm Darragh Brings Hurricane-Strength Winds December 6, 2024 By William Mathis and Eamon Akil Farhat Storm Darragh has triggered a red weather warning for the west coast of Wales and the Bristol Channel on Saturday,...