The traditional concept of wildfire season is becoming obsolete as major fire events now occur throughout the year, according to Gallagher Re’s latest report, World on Fire 2025.
Built on findings from a recent whitepaper and come as global trade continues to intersect with the evolving liability environment in the US, Wolfram-Ferdinand Schultz, head of casualty treaty for Continental Europe at Howden Re,...
Shawn Ram, head of insurance for Coalition, the active insurance provider, says “We believe cyber is the most pervasive risk in society today.” The task of understanding systemic cyber risk exposures was never going to...
The year 2024 has proven to be one of the most devastating years for natural disasters. An analysis from insurance company Munich Re shows that total losses reached $320 billion worldwide, marking it as the...
Howden Re, Howden Group’s reinsurance and risk advisory arm, has released a ‘Re-framing cyber risk: navigating threats and embracing opportunities’ report on the landscape of cyber reinsurance.
A study from the University of Cambridge Institute for Sustainability Leadership (CISL), supported by risk analysis from the global insurance group Howden, indicates that the smallest and most vulnerable nations could lose more than their...
We have all heard stories of import cargo arriving with water or moisture damage and the Insured/Consignee complaining bitterly when their claim is denied, believing that they have paid a lot of money for insurance...
Major Asia-Pacific reinsurers sustained the ability to deliver stable operating and return on equity ratios in 2021, with average annual net premium growth of nearly 10% in the most recent five-year period, according to a...
The cyber insurance landscape has always had to evolve at the rapid pace of technological advancements – but the COVID-19 pandemic has created even more challenges for cyber insurers. Nadia Hoyte, national practice advisor for...
While Asian companies have less exposure to Russia and Ukraine than their European peers do, rising oil prices will impact both businesses and consumers as a consequence of the invasion, reported Nikkei Asia.
There is a positive correlation between insurance companies’ credit ratings and their cybersecurity, according to a new report from Fitch Ratings.
Global reinsurers have weathered pandemic impacts well, but amid other growing challenges brought on by climate risk, social inflation and other types of perils, companies need to maintain an innovative mindset, according to a new...
The ongoing pandemic has resulted in many restrictions on travel. With the vaccination drive and Covid-19 precautionary measures being implemented, travel is making a comeback and hence, the important question: “Do I need travel insurance?”
There’s no question the pandemic has shaken up the travel industry, but how much? Below, find out just how different vacations are looking these days and how some changes may persist in the future.
The increased frequency and severity of natural catastrophes due to climate change highlight the greater role of Asian reinsurers in bridging the region's protection gap between the economic losses brought about by natural disasters and...