Catastrophe Risks
Global Insurance Premium Volume To Recover Sharply in 2021: Report
After a sharp decrease in demand for insurance this year due to the impact of the COVID-19 pandemic, the insurance industry's premium volume will recover to prepandemic levels in 2021, according to a new Sigma Report,from the Swiss Re Institute. Read More
COVID-19 Adding to the Challenges Facing Florida Property Insurers
COVID-19 is adding to the challenges of Florida property insurers, who were already dealing with higher reinsurance pricing and social inflation. Read More
Lloyd's Offers Framework for Covering Pandemics, Systemic Catastrophes
Lloyd's of London has proposed potential solutions for business interruptions resulting from government-ordered shutdowns due to pandemics or other crises, including open-source frameworks for addressing systemic catastrophic events. The solutions and frameworks include two frameworks that would require government/(re)insurance industry partnerships. Read More
COVID-19 Pandemic Could Contribute to Record Catastrophe Losses
Guy Carpenter said the COVID-19 pandemic looks to rank among the insurance and reinsurance sector's most expensive events, contributing to total 2020 catastrophe losses ranging from $100 billion up to $160 billion. The pandemic also could be one of the slowest developing catastrophes insurers and reinsurers have experienced. Read More
COVID-19 Pandemic Has an Impact on June 1 Reinsurance Renewals
June 1, 2020, renewals provided the first test of the COVID-19 pandemic's impact on reinsurance markets, resulting in property-catastrophe pricing increases. Read More