"COVID-19 is far from over. The US reported an average of 1500 COVID-19 deaths a week for 2023 - comparable to fentanyl or firearm deaths. If this continues, our analysis suggests a potential scenario of elevated excess mortality extending over…
"Faced with elevated natural catastrophe risks, economic uncertainty and geopolitical instability, reinsurance is the natural way for insurers to protect themselves from outsized losses. We are ready to support our clients with our capital,…
"Unlike economic inflation, there is no sign of social inflation abating. Litigation costs are rising and are now the key driver of liability claims. With businesses around the world facing rising legal defence costs, the cost of providing liability…
"Insured losses are still trending higher. In view of the various challenges facing the industry, reliable reinsurance protection is indispensable. In line with our strategy, we remain well positioned for profitable growth and a preferred business…
"My ability to wear many hats is one of the benefits that a uniquely female perspective brings to my role. And in this role as a leader, this has helped me be sensitive to the needs of my team, adjust quickly to new situations while getting…
"Swiss Re's performance in the first half of 2024 reflects our focus on delivering consistent results. We continue to increase the overall resilience of the firm through a disciplined approach to underwriting new business while remaining on…
"In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along with insured property being more vulnerable…
”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is extremely rare, such as Dubai. It is considered…
"We are pleased to have found a seasoned leader, with deep expertise in finance and the insurance industry, in Anders Malmström. We are convinced that he is the right person to take the Finance function forward after an orderly transition,"…
“I am disappointed by the L&H H1 results. In response, we have launched an ambitious 3-step plan resulting in a series of determined actions aiming at restoring the profitability of the L&H business in a sustainable way," says Thierry Léger,…
"While the media often highlights cases of insurance companies refusing claim payouts, these instances represent a small minority overshadowed by the numerous claims settled efficiently, a reality largely attributed to the strength of the reinsurance…
"The insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside, which should drive more demand for insurance. The life sector in particular is one to watch as higher…
"We live in a world characterised by interconnected crises, which in turn can give rise to new risks. For re/insurers, it is key to anticipate trends and understand how major global issues such as climate change, economic uncertainty or geopolitical…
"While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all industries, such as in health and mobility," says Christoph Nabholz,…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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