Catastrophe Risks

Fitch Ratings expects Hurricane Florence to result in substantial insured losses from water-related claims, which are likely to be incurred by the National Flood Insurance Program (NFIP), private flood insurers, and auto insurers, with a modest level of losses ceded to the traditional reinsurance and insurance-linked securities markets. Read More

Around half of insurance industry practitioners see the risk of "silent cyber" exposure-potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk-as growing over the coming year. Read More

An A.M. Best briefing said most reinsurers will experience losses from Hurricane Florence due to the highly syndicated nature of property catastrophe business, and the potential exists for losses to impact alternative capacity on a reinsurance and retrocessional basis as its participation in the sector has increased year over year. Read More

As housing development has ramped up in more rural areas and wildlands in California, the resulting wildfire threat for insurers has continued to grow. For homeowners and farmowners writers in California, direct losses incurred nearly quadrupled to $16.0 billion in 2017, compared with $4.2 billion in 2016. Read More

Swiss Re said its preliminary sigma estimates surrounding global economic losses from natural catastrophes and man-made disasters in the first half of 2018 were $36 billion. According to Swiss Re, this figure is well below the 10-year average of $125 billion in economic losses. Read More