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Provinzial confirmed its claims had risen above EUR1bn and it now estimates they could reach EUR1.5bn. -
The state body supporting earthquake cover has seen risk transfer requirements swell over the past decade.
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Recently one of my colleagues argued that it was time for a “bonfire of PMLs”, as the past five years have shown that the industry has seriously underpriced the kind of $10bn-$20bn loss events that have been happening since Harvey, Irma and Maria landed in 2017.
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The convergence of traditional reinsurance and ILS has seen reinsurers’ fee income rocket over the past three years.
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The ratings agency said cat activity, Covid-19 and social inflation would play key roles in influencing investor returns.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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European cedants are bracing for a ‘sizeable price correction’ after the scale of summer flooding took reinsurers by surprise.
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An increase in the frequency and severity of nat cats and cyber incidents is pushing up protection demand.
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More than 95% of global reinsurance capacity can now be accessed by placing business on the platform.
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The broker CEO said this went against a “core premise” of the industry which was the absorption of such volatility.
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The ratings agency said that reinsurers were likely to shave several points off combined ratios in 2021 and 2022.
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A reinsurance panel at Reconnect also called for reform of risk models
