News
Insurance
Cyber is one of Munich Re’s main strategic growth areas, according to Doris Hopke, member of the board of management at the reinsurer. She said that while the cyber segment part of the firm’s market “is still small” the number of incidents is increasing rapidly, and the financial impact of these incidents is becoming more severe. 22 October 2019
Insurance
Re/insurers are realising that pricing needs to adapt to the new risks presented by increasingly severe weather-related events, as Claudia Cordioli of Swiss Re explained to Baden-Baden Today. 22 October 2019
Insurance
S&P Global Ratings has maintained a stable outlook on the global reinsurance sector although the fundamental secular competitive trends haven’t abated. Karakuyu and Johannes Bender summarise S&P’s 2020 Reinsurance Sector Outlook. 22 October 2019
Insurance
InsurTech company CPP Group has launched a new cyber Insurance product, for SME businesses, on the Acturis insurance administration and trading platform. 21 October 2019
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly. 21 October 2019
Insurance
Credit fundamentals will continue to reflect intense pricing competition and low investment yields, limiting profitability in the reinsurance sector. 21 October 2019
Insurance
Changes to the rate used in the UK to calculate how much insurers should pay out in compensation to people who have suffered life-changing injuries will continue to have an impact on rates in the upcoming renewal, Simon Wigzell, underwriting manager of UnipolRe, told Baden-Baden Today. 21 October 2019
Insurance
CRESTA has updated all 4,901 low-resolution and 242,172 high-resolution CRESTA zones for the 137 countries it covers, following consultation with the industry. 21 October 2019
Insurance
With India providing the bedrock for its operations in the region, GIC Re sees the wider Asia-Pacific region as the growth engine for both the world economy and its own aims, Devesh Srivastava of GIC Re told APCIA Today. 20 October 2019
Insurance
Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk. 20 October 2019
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