Catastrophe Risks

RMS Releasing New Models To Help Businesses Understand Climate Risks

March 24, 2021

Catastrophe risk modeling firm RMS will launch a suite of climate change models to help users assess the impacts of climate change on physical assets and their businesses. While most RMS models already incorporate the impact of climate change, the new models go further with forward-looking predictive insights and analysis. Read More

Danish Red Cross Issues Cat Bond through Guernsey ILS Structure

March 23, 2021

The Danish Red Cross has issued a humanitarian catastrophe bond covering volcanic eruption through a Guernsey insurance-linked securities (ILS) structure. The catastrophe bond, which covers the risk of eruption of 10 volcanoes across 3 continents, raised $3 million from specialist catastrophe bond investors to support humanitarian aid following an eruption. Read More

2020's Catastrophes Underscore Need To Plan for Coinciding Perils

March 15, 2021

With an above-average number of natural disasters and a global pandemic, 2020 highlighted the need to invest in risk management planning for the possibility of coinciding extreme events, a new Aon report shows. Overall, 2020 was marked by 416 notable natural disaster events and $268 billion in economic losses. Read More

US Property-Casualty Insurers May Face Record First-Quarter Losses

March 2, 2021

US property-casualty insurers will likely face record first-quarter catastrophic losses as a result of extensive property damage from February's severe winter storms in southern states. The widespread scale of the event and the associated claims volume could drive losses ranging from $10 billion to $20 billion. Read More

2020's Above-Average Natural Catastrophe Losses Could Have Been Worse

February 10, 2021

Insured losses from natural catastrophes totaled $78 billion in 2020, but they could have been worse, according to a recent report from Willis Towers Watson (WTW). The year's catastrophe losses also give cause to consider emerging weather trends, according to WTW. Read More