Author: Jakki Green
Global natural catastrophe half-year losses down on 2023 figures, according to Munich Re
Global losses in the first half of 2024, at US$120bn, were lower than in the previous year ($140bn), according to the latest report from Munich Re.
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Renewable energy sector holding its own in face of flurry of challenges, says WTW
The renewable energy sector has shown resilience and optimism in 2024 despite facing constraints such as climate issues, supply chain disruption, casu [...]
Cyber risk most significant to insurers, GlobalData survey reveals
Cyber risk is now deemed the most significant threat to the insurance industry, surpassing natural catastrophes and political risks, according to insu [...]
A tale of two halves – piracy drops in Gulf of Guinea but increases off Somalia
Pirate attacks have fallen in the Gulf of Guinea in the past six months, however, the first half of this year has seen an increase in activity off Som [...]
IAIS launches final consultation on climate risk
The International Association of Insurance Supervisors (IAIS) has launched a fourth and final public consultation on climate risk, aimed at promoting [...]
GenAI set to transform insurance sector, suggests GlobalData
Generative artificial intelligence (genAI) is set to transform financial services across insurance, banking and wealth management, suggests GlobalData [...]
Business email compromise – a potentially devastating yet often overlooked cyber threat, warns Guy Carpenter
While the cyber insurance market may categorise business email compromise (BEC) claims as more attritional and frequency-driven, a new report from Guy [...]
New reinsurers not emerging despite good conditions, finds AM Best
Despite returns reaching a three-decade high for reinsurers, a new class of companies has yet to materialise in the segment, defying past trends.
A [...]
IAIS publishes data collection package details for 2024
The International Association of Insurance Supervisors (IAIS) has published its 2024 Insurance Capital Standard (ICS) data collection package for the [...]
ATIDI supports Globeleq’s 35 MW Menengai geothermal project with RLSF cover
On the first day of the Africa Energy Forum (AEF), the African Trade & Investment Development Insurance (ATIDI) and Globeleq Africa [...]