The Risk Management Blog
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Swiss Re’s latest sigma study (full report; abstract) reveals that the final economic losses resulting from disasters (both natural and man-made) across the globe in 2010 was $218 billion — a number that dwarfs the $68 billion in damages caused by catastrophes in 2009. With unprecedented flooding, Asia was the region worst hit, with $75 [...]
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A new report from Allianz analyzes the fact that the insurance claims from natural disaster are becoming more expensive. The key reason is not so much that there are more disasters, just more buildings, more development and more insurance. And as parts of the developing world, specifically China and India, continue to become more affluent, [...]
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This morning, many Americas awoke to the tragic news that an magnitude 6.9 (or 7.1, according state-run China Earthquake Networks Administration) earthquake had struck the western Chinese province of Qinghai. The initial reported death toll made it seem as though the population had perhaps dodged a bullet, but there have now been close to 500 [...]
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We heard it in January — reinsurance rates across most lines of the property/casualty business around the world was declining, and according to Guy Carpenter & Company, that decline is continuing. In the report, “April 1 Reinsurance Renewals: Rates Lower; Returns Under Pressure,” the risk and reinsurance company covers regional developments as well as key [...]
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