How natural catastrophes and inflation are creating a perform storm for insurance

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Data analysis: Increasing natural catastrophe losses and shortfalls in industry estimates point to the need for the insurance sector to better understand the risk factors at play today, according to the latest Swiss Re Institute report.

The 34-page report revealed that the main driver of growing losses are economic growth, accumulation of asset values in exposed areas, urbanisation, and rising populations – often in regions

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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