Catastrophe Risks
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
2019 Natural Catastrophe Loss Data Reveals Relief for Reinsurers
Willis Towers Watson reported that insured losses from major natural catastrophes in 2019 totaled roughly $53 billion, about 18 percent lower than the annual average since 2011. Read More
NOAA Assesses US Climate Disaster Events in 2019
According to the National Oceanic and Atmospheric Administration (NOAA), in 2019, there were 14 weather and climate disaster events with losses exceeding $1 billion each across the United States. Read More
FEMA Places Reinsurance for Flood Risk 4th Consecutive Year
For the fourth consecutive year, the Federal Emergency Management Agency (FEMA) has completed placement of reinsurance coverage. Read More
Insured Global Catastrophe Losses Down at $56 Billion in 2019
In its latest sigma findings, Swiss Re said global insured losses are estimated to be around $56 billion, down from $93 billion in 2018 and below the annual average of the previous 10 years. Read More