Catastrophe Risks
Coronavirus Likely To Hit US Health, Medical Stop-Loss Insurers
A.M. Best said it expects US health insurers to experience an increase in medical claims due to the spread of the coronavirus. The coronavirus also could have an impact on medical stop-loss insurers through high-dollar claims and high claims in the aggregate, A.M. Best said. Read More
First Quarter CAT Bond, ILS Issue Volume on Pace To Set New Record
First-quarter catastrophe bond and insurance-linked securities (ILS) issuance is on a record pace, according to a report from Artemis. Anticipated first-quarter volume of $5.1 billion in new catastrophe bonds and insurance-linked securities is 84 percent higher than during the same period in 2019. Read More
AON: Reinsurance Industry Handles 2019 Losses Comfortably
The 409 natural catastrophe events of 2019 resulted in economic losses of $232 billion. Of that total, private sector and government-sponsored insurance programs covered $71 billion. Read More
Burning Planet: Climate Fires and Political Flame Wars Rage
Findings of the World Economic Forum's "Global Risks Report 2020" reveal that economic and political polarization will rise this year, as collaboration between world leaders, businesses, and policymakers is needed more than ever to stop severe threats to our climate, environment, public health, and technology systems. Read More
KBRA: Catastrophe Pricing Improvement Was Upside for Reinsurers
Kroll Bond Rating Agency (KBRA) recently provided its views on key insurance and reinsurance industry trends and issues in the US property and casualty and global reinsurance subsectors. Read More