More Than One-Third of Desks Globally Sit Empty All Week Long: Report August 23, 2023 By Matthew Boyle More than one-third of desks in offices around the globe are unoccupied all week, according to a new report, raising...
Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row August 22, 2023 By Tom Metcalf and Marion Halftermeyer Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail...
Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports August 22, 2023 By L.S. Howard Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022,...
Cargo Thieves Target Electronics, Chemicals, Pharmaceuticals: German Insurance Study August 17, 2023 German transport insurers report a significant increase in stolen goods – with thieves targeting electronic devices as well as chemical...
Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report August 17, 2023 By Alastair Marsh Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate...
2023 Summer Heatwaves – Insights on Heat Stress in a Changing Climate: RMS August 15, 2023 By Matthew Couldrey, Shree Khare, Robert Muir-Wood and Keven Roy Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of...
Antarctica Risks ‘Cascades of Extreme Events’ as Earth Warms: Study August 11, 2023 By Liza Tetley Extreme weather in Antarctica, including ocean heat waves and ice loss, is set to become more intense unless urgent policy...
Global Insurance M&A Drops Sharply in First Half 2023 August 11, 2023 Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June August 10, 2023 By Allen Laman Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report...
Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re August 9, 2023 By L.S. Howard Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses...