Non-life insurance-linked securities grew to $75bn (£60bn) in 2016 overcoming a tough operating environment, according to Willis Capital Markets & Advisory.
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Over 100 bushfires across rural areas of New South Wales in the last few days will cost insurers at least A$20m (£12m) according to the Insurance Council of Australia.
New South Wales has seen 120 bushfires over the last few days as temperatures in the state hit record highs over the weekend.
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Munich Re has seen full year profits decline by 16% owing to storm and earthquake claims in the last quarter.
Global (re)insurer Axis's after-tax profits fell 23% in 2016 to $465m (£367m) from $602m the previous year.
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
Post interviews Colin Fagen, former group chief operations officer at QBE, who assumed the role as president of the board of the Insurance Council of Australia at the beginning of January.
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
Aon Benfield has identified over $104bn (£84bn) of uninsured economic losses in Asia-Pacific last year - 27% higher than average.
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
UK catastrophe modeling firm JBA Risk Management has this month released a multi-peril flood model for Vietnam.
XL's preliminary net natural catastrophe loss estimate for the fourth quarter of 2016 is approximately $245m (£200m).
At least 25 people have died and 700,000 people have been affected by widespread floods in southern Thailand.
Insurers paid out $50bn (£41bn) in natural disaster claims during 2016, making it the costliest year for natural catastrophe losses since 2012.
28,146 claims have been received following a severe hailstorm on 11 November which caused damage in three Australian states.
Planning the response to large-scale catastrophes is a must for all general insurers.
Insurance catastrophe market data firm Perils has increased its estimate of property insurance losses for the 24 August Central Italy earthquake.
A payout from claimants in the 9/11 terrorist attack has been partly recouped by Randall and Quilter against the company's reinsurer.
The Insurance Council of Australia has declared a catastrophe in Mildura after a severe hailstorm on 11 November.
A series of aftershocks have hit New Zealand after a magnitude 7.8 earthquake struck near Kaikoura - 93 miles from Christchurch - just after midnight.