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Underwriters Believe Some Climate Risks Will Be Uninsurable – Researcher

Results from a new study by AXA, one of the global one of the world leading insurance and asset management groups serving over 100 million clients, indicated that 60% of risk managers fear that certain geographies or activities will become uninsurable in future due to the impact of climate change. AXA, in its latest its […]

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Expert Forecasts Healthcare Sector Post-COVID Claims Crisis

The Chief Executive Officer of specialist insurance broker – New Dawn Risk -, Max Carter, has expressed concern over an expected post-COVID claims crisis in healthcare sector. Speaking on how COVID-19 has impacted the healthcare system, Carter said: “If there is one thing that parties on all sides can agree, it is that COVID has […]

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Moody’s Launches Asset-Liability Management Tool For Insurers

Moody’s Analytics has launched Risk Integrity Investment Insight, an asset-liability management (ALM) solution for risk underwriting companies. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers build liability-aware investment portfolios and better evaluate their investment strategies across a range of business metrics. Commenting on the new risk management solution, […]

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China Insurance Industry To Hit $313Bn In 2025 – Analytics Firm

New research findings by GlobalData, a leading data and analytics company, have indicated that the general insurance industry in China, the world’s fastest growing economy, could grow, in terms of direct written premiums (DWP), from CNY 1.36 trillion (USD 196.8 billion) in 2020 to CNY 2.13 trillion (USD 313.0 billion) in 2025. The firm’s latest […]

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Global Insurance Premiums Growth To Surpass $7Trn In 2022 – Swiss Re

Global reinsurance company, Swiss Re, has increased its forecasts for global insurance premium growth, based on foreseen acceleration and now forecasting the market will surpass $7 trillion in global premiums by mid-2022. A few months ago, the company had projected that global insurance premiums would reach $7.2 trillion by the end of 2022, with a […]

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Reinsurers Mull Diversification From Property Space Amid COP26 Outcome – Analysts

New research findings have indicated that some re/insurers may discontinue their risk coverage from  the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that  are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]

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Reinsurers To Diversify From Property Space Amid Uninspiring COP26 Outcome – Analysts

New research findings have indicated that some re/insurers may discontinue their risk coverage from  the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that  are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]

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95% of Re/Insurance Executives View Climate As Investment Risk – Researcher

A new study by investment management company, BlackRock, has reflected that re/insurers executives were increasingly concerned about the implications of climate risk, with 95% of them confirming it will have a significant impact on portfolio construction over the next two years. The latest research findings by BlackRock in its 10th Annual Global Insurance Report came […]

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Global Reinsurance Sector Outlook Still Negative – S & P

S&P Global Ratings, a leading ratings firm, has reported that the global reinsurance sector outlook remained negative still despite gradual economic activity recovery in most countries as returns for the sector still fell short and the industry continues to battle against its commoditization, in particular from non-traditional capital. The ratings agency stated that the capital […]

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Ransomware Largest Cyber Reinsurance Market Issue – Expert

Tom Johansmeyer, Head of PCS, at ISO Claims Analytics, a division of Verisk Insurance Solutions, has described ransomware as becoming one of the largest cyber risks threatening the insurance-linked securities (ILS) market in the provision of reinsurance and retrocession capacity. Johansmeyer, who made this disclosure during a recent video interview with Artemis.com, said that ransomware was […]