Flooding
Natural disaster: Filling the $254bn insurance gap
The problem of underinsurance has been seen with a number of natural catastrophes recently. Lucia Bevere explains why relying on governments as a last resort is a risky strategy, and what insurers can do to tackle this area.
Economic turmoil and CBI top risks for industrial sector
The industrial and materials industry has had to change the way it prioritises resources for risk response, amid the struggling global economy and catastrophes including the Thailand floods and Japan earthquake, according to Aon Risk Solutions.
Asian aviation: risk or opportunity?
The Asian aviation market is set to grow rapidly in the next 20 years, bringing many opportunities for insurers. But Edward Murray asks whether underwriters are taking all the future risks into consideration.
Reinsurance rates in Asia Pacific rise at 1 April renewals
The major renewal date for the Asia Pacific region saw reinsurance rates increase as the market continued to work through the impact of the events of 2011, according to a briefing by Guy Carpenter.
Talks turn to Solvency II and IPO benefits as Project Noah claims wide support
The bosses behind the Project Noah flood solution believe proposals to establish a UK risk pool with £14bn of reinsurance capital could provide a crucial solvency boost for insurers with IPO ambitions.
Post magazine - 5 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Marsh's Project Noah will not work and has no insurer support, claims ABI
The Association of British Insurers has slated the flood reinsurance idea floated by broker Marsh and Guy Carpenter, claiming that it won't work and insurers don't back it.
Project Noah promises flood reinsurance
Marsh and Guy Carpenter have published provisional details of their flood reinsurance plan known as Project Noah after testing it with insurers.
Nat cats caused economic losses of $380bn in 2011
Natural catastrophes resulted in 27,000 deaths and $380bn in economic losses during 2011, according to data compiled by Munich Re and analysed by the Worldwatch Institute.
Guidance published for planning in flood risk areas
The Association of British Insurers and the National Flood Forum have published guidance for local authorities on planning in flood risk areas.
Paperwork delays payment of Thai flood claims
Japanese firms waiting for claims payment following the flooding in Thailand face delays owing to the volume of paperwork for insurance companies.
Perils updates database and adds floods
Zurich-based European catastrophe insurance data firm Perils has updated its Europe Industry Exposure Database of market-wide property sums insured for European windstorm.
Q&A: Frank Weinreich, Liberty Syndicates
Frank Weinreich, regional manager for reinsurance for Central and Eastern Europe at Liberty Syndicates, pictured, spoke to Stephanie Denton with a reinsurance point of view on trends in CEE, claims levels and the future of brokers in the region.
Claims Roundtable: How can insurers innovate to win the retention race?
In the toughest economic environment for years, companies have to prove they have a competitive edge when it comes to handling claims.
Non-standard risks: looking for an alternative
With a large number of insurers wary of taking on non-standard personal lines risks, specialists are carving their own niche.
Insurers lose $116bn but play key role in disaster recovery
Despite insurers incurring the second largest losses ever at $116bn in 2011 the industry weathered 2011 well, according to the latest Swiss Re Sigma study.
ABI welcomes national planning framework recommendations
The Association of British Insurers has welcomed the government's national planning framework recommendation for local authorities to follow flood risk guidance to help avoid unwise developments in flood risk areas.
Ecclesiastical reveals £16m underwriting loss
Ecclesiastical has blamed a pre-tax loss of £7.7m and an underwriting loss of £16.1m on the eurozone and Australasian catastrophes, but plans to increase premiums in Australia.
Flood insurance uncertainty to hit homeowners within four months
The British Property Federation is calling for urgent action to create a new settlement between government and insurers amid fears that homeowners and businesses will face excessively expensive insurance premiums within just four months.
Thai Re gets THB7bn capital injection
Thailand's largest domestic insurer, Thai Re, has successfully raised equity of THB7bn with the support of shareholders and a new strategic investor.
Penny Black's insurance week
Penny hears of more insurance-related woes, but this time it's no laughing matter.
Comment: The risk of irrelevance
A recent report paints a bleak picture for the future of insurance.
Comment: Uncertainty is the only certainty
2012 could see a raft of changes to the insurance industry
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.