Catastrophe Risks

Munich Re reports rising reinsurance demand driven by climate change, geopolitical instability, and cyber threats. Insured catastrophe losses reached $80 billion in early 2025. The company emphasizes risk-adequate pricing, capital strength, and innovation as it prepares for the January 2026 renewals amid evolving global risk and insurance landscapes. Read More

A new AM Best report shows record catastrophe bond issuance in 2025 is expanding insurance-linked securities (ILS) capacity and softening reinsurance pricing. June renewals fell around 10 percent overall, with varied rate shifts by risk layer. Increased demand in Florida and broader investor access are reshaping the reinsurance market landscape. Read More

Aon's 2025 survey shows insurers vary widely in catastrophe model adoption, with regional differences in climate risk priorities. Many rely on brokers for analytics and accumulation management. Key concerns include data quality, model transparency, and nonmodeled losses, underscoring the need for robust, science-based risk management strategies.  Read More

Swiss Re's "ILS Market Insights: July 2025" details a robust first half for the insurance-linked securities (ILS) market, with over USD 17 billion in catastrophe bond issuance. High investor demand, strong yields, and low correlation to traditional markets continue to support growth, offering insights into evolving risk transfer and reinsurance capital strategies. Read More

Willis projects over $100 billion in insured catastrophe losses for 2025, driven by extreme events like the $40 billion Los Angeles wildfire. The report highlights escalating climate risks, severe storms, and flood events across the United States, urging insurers to adapt strategies using climate forecasts and updated catastrophe risk models. Read More