It is the year 2030. The focus on climate change continued to gather momentum throughout the 2020s. But despite pressure to bring the date forward the UK government is still committed to helping reduce gas emission to net zero by 2050.
PREMIUM: The insurance industry has suffered very large losses from natural disasters over the past two centuries and this still remains a problem today, with 409 natural catastrophe events totaling $232bn in losses in 2019. Post looks at some of the…
Market discussions around Pandemic Re options are crucial and serve a "noble purpose", Huw Evans director general of the Association of British Insurers told Post, as he confirmed the trade body is in discussion with Lloyd's and anticipates an invitation…
Though losses from natural catastrophes fell in 2019, the proportion of losses that were uninsured rose to a three-year high. Post investigates why.
Ardonagh has cut its carrier relationships from 940 to 700 in the past six months with an eventual target of below 200, Paul Dilley, CEO of Geo Underwriting told Post.
2018 was a volatile year for Asian insurers with the majority of them posting declines in gross written premium or sluggish growth. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, explains the challenges they are facing.
Christchurch City Council estimates that insurers have paid out around NZ$35-40bn (£18.6-21.2bn) following the earthquake in 2011.
Insurance is only really tested at the point of claim and over the past 25 years the British Insurance Awards have celebrated the industry’s efforts to return the customer to where they were before the claim. Since 2003 major loss has been a standalone…
Data is everywhere: good data, partial data, valuable data, bad data. Insurers need data to measure and price risks but do they take enough care in assessing the quality and provenance of the data they are using and are their processes sufficiently…
Ecclesiastical claims director David Bonehill was awarded the Achievement Award at the eighth Post Claims Awards. As technology is transforming claims, he predicts tech giants will enter the market, probably in the motor or home arena.
Underwriting pressure from the high cost of doing business have caused Fitch Ratings to report a negative sector outlook for London market reinsurance and insurance in 2018.
Well-publicised gains in Charles Taylor’s loss adjusting and insurtech arms saw revenues jump 25% in 2017 but failed to push the insurance services provider to profit.
RSA UK saw its combined operating ratio for commercial operations deteriorate to 108.1% over the course of 2017.
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
Following a failed sale to Suncorp, New Zealand insurer Tower is looking for other ways to secure its future after a loss for full year 2017.
Christchurch City Council is attempting to recover NZ$528m (£278m) from Aon New Zealand in a dispute over the global broker's handling of 2010-11 Canterbury earthquake claims.
Perils has updated its loss estimate for Italy’s October earthquakes from €125m (£111.7m) to €208m (£185.8m).
Global reinsurance giant Swiss Re has estimated its combined claims payouts in the third quarter from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico will be around $3.6bn (£2.75bn).
Estimated insurance industry losses from the earthquake that struck Italy in August last year has been increased by 64% to €108m (£99.4m), according to Perils.
Chinese insurance giant Ping An is waiving premiums and fast tracking claims following a deadly magnitude 6.6 earthquake in Jiuzhaigou, Sichuan during peak tourist season this week.
A senior member at Munich Re has given a warning on the ability to provide earthquake cover in New Zealand in the future.
The majority of claims will be paid out for last year's deadly Kaikoura earthquake on South Island by the end of the year according to the Insurance Council of New Zealand.