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Swiss Re is forecasting an increase in demand for reinsurance protection due to heightened natural catastrophe risks, macroeconomic instability, and geopolitical tensions.
Zurich Insurance Group and its corporate foundation, the Z Zurich Foundation, have launched the Zurich Climate Resilience Alliance (the Alliance) to assess current levels of resilience within vulnerable communities and implement appropriate solutions to climate hazards.
Verisk, a leading global provider of data analytics and technology, reports that the average annual loss (AAL) from global natural catastrophes has reached $151 billion, with $119 billion from non-crop losses.
A recent survey by Insurity, a leading provider of cloud-based software and analytics for the insurance industry, has revealed a notable shift in consumer priorities when choosing insurance providers, especially in the face of increasing severe weather events.
Guidewire, a leading developer of software solutions for the insurance industry, has announced the release of critical data and maps detailing wildfire risk in the United States, available at national, state, and local levels.
Verisk Specialty Business Solutions, a leading reinsurance software specialist, has announced the launch of a new offshore renewable energy module within its exposure management system, Sequel Impact.
A new report from AM Best has found a surge in catastrophe bond issuance and widening spreads in early 2024, underlining the growing demand for reinsurance capacity and demonstrating marked interest in parametric-triggered reinsurance and insurance-linked securities (ILS).
The Green Insurer has bolstered its panel of insurers by partnering with Ageas UK, as part of its strategy to sustain competitive pricing and drive sales growth.
Mount Etna, Europe’s tallest and most active volcano, has erupted, causing widespread disruption in Sicily. The eruption led to the temporary closure of Catania Airport, a key travel hub, after the volcano spewed ash and gasses high into the atmosphere, covering nearby towns in dark volcanic dust.
A new survey from the flood forecasting and water management data company, Previsico, has shown that 54% of public sector and private companies do not currently have a flood action plan in place to deal with the increased risk of flooding.
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