Effective risk management requires anticipating threats before they materialize. A recent report highlights climate change, cyber threats, and AI as key concerns shaping global risk landscapes and preparedness strategies for the future.
Global catastrophe losses hit $417 billion in 2024, with climate change driving unprecedented weather events and insurance claims, according to Gallagher Re’s latest report.
As insurers grapple with severe weather and emerging risks, advanced location intelligence offers solutions for the P&C industry, according to Nearmap.
Flood adaptation measures are gaining focus among governments and insurers as research finds the benefit of investing in adaption outweighs cost of rebuilding after a disaster, reports Swiss Re.
AI and machine learning models gain traction in climate risk assessment, but the insurance industry remains divided on accuracy, a survey by ZestyAI finds.
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.
To ensure strong governance practices, it’s essential to comply with ESG regulations, uphold ethical business standards, and maintain transparent reporting.
A Philadelphia Insurance expert delves into the agribusiness challenges posed by severe weather events, the evolving role of technology, and the importance of understanding policy specifics.