Catastrophe Risks

Catastrophe Bond Issuance Reaches Record High Amid Modest ILS Capacity Growth

August 22, 2024

Insurance-linked securities (ILS) capacity has grown modestly in 2024, aligning with market demand. The property catastrophe bond market reached $45 billion, with record issuance in Q2 2024. Despite strong returns in 2023, risk-adjusted rates remained flat, with minor increases in lower layers. Capacity providers maintain discipline, anticipating 2025 renewals. Read More


Severe Thunderstorms Drive First Half of 2024 Insured Losses to $60 Billion

August 16, 2024

Severe thunderstorms, particularly in the United States, led to $42 billion in insured losses during the first half of 2024, marking a significant rise in global natural catastrophe losses. Flooding in the United Arab Emirates, Germany, and Brazil further contributed to the above-average total of $60 billion in insured losses. Read More


Aon-Columbia Research Highlights Underestimated Climate Impact on Hurricanes

August 9, 2024

Aon and Columbia University have announced findings from their research collaboration on climate impacts on hurricanes, set for publication in August. The study suggests underestimated hurricane risks and emphasizes the need for adaptable risk management strategies. Read More


Severe Storms and Flooding Led to Major Losses in Early 2024

August 6, 2024

Severe storms and flooding caused $120 billion in overall losses globally in early 2024, with significant impacts in North America, Europe, and Asia-Pacific, according to the latest natural disaster update from Munich RE. Insured losses hit $62 billion, well above average. Read More


Parametric Insurance Market Set for Significant Growth: Projections to 2032

August 2, 2024

The parametric insurance market, valued at $14.8 billion in 2023, is projected to reach $39.3 billion by 2032, driven by advanced technologies. These enhance risk assessment and minimize basis risk, meeting the rising demand for quick, predictable coverage against climate change and natural disasters. Read More