California wildfires will add pressure to Bermuda reinsurers’ 2025 earnings despite strong capital positions and disciplined underwriting practices, the rating agency said.
As insurers grapple with severe weather and emerging risks, advanced location intelligence offers solutions for the P&C industry, according to Nearmap.
Technology advancements are enabling insureds and their risk management partners to get a better grip on the range of settlement amounts on some types of claims.
Insurers faced mounting losses from frequent severe storms and floods in the first nine months of 2024, despite overall losses below average, according to Gallagher Re’s Nat Cat Report.
“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.”
Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports.
Extreme weather has had a significant impact on claims and the insurance industry in recent years. Robbie Arnold explains what insurers — and policyholders — can do to handle it.