A Q3 Global Catastrophe Recap report from Aon Reinsurance Solutions sees nat cat losses already exceeding $102bn for this year, while global reinsurer capital neared $700bn as of the year’s halfway point.
Long projects in technology have very bad track records,’ warns AdvantageGo’s global business leader Ian Summers.
Loss adjustment from warzones is a service in high demand, given the geopolitical state of the world in 2024, and the rising prominence of war, political violence and terrorism business among London market re/insurers.
The insurance industry is renowned for its conservatism; AI on the other hand, is talked of in revolutionary terms; where and how will the two meet?
After a global study of 62,000 organisations, the reinsurance broker suggests removing “most at risk entities” from cyber insurance books could reduce loss ratios by up to 16%.
Reinsurance broker Guy Carpenter emphasised “clearly defined roles”, partnership and innovation for its Baden-Baden Reinsurance Symposium.
A 2024 analysis of the global marine insurance market was released by the International Union of Marine Insurance.