Risk & Capital Management
Reinsurance Capital to Drop $40B: AM Best
AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected ...
Why InsurTechs Should Be Scared of the Reinsurer’s Veto
Cash burn is so 2020. To keep with the recent theme of calling out the obvious, it's time to talk about the next big risk for product-centric InsurTechs. It's not cash burn. Everyone knows about that ...
Inflation, Ukraine War Seen as Chief Financial Risks
High inflation, volatility in stock and commodity markets, and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported on Monday in a biannual ...
Casualty Underwriting: The Original ESG
Promoting Environmental, Social and Governance (ESG) performance has become a top priority of corporate executives and boards everywhere, including in property and casualty insurance. However, ...
ILS for Casualty: The Backstory of Ledger Investing
In the aftermath of Hurricane Andrew's $15.5 billion in insured losses in 1992, insurance-linked securities emerged to distribute a portion of future property-catastrophe risk to investors. At the ...
Ukraine Invasion Analysis: AM Best Sees ‘Significant Implications’ for Insurers
AM Best believes that Russia's invasion of Ukraine could have a "substantial impact" on the world's insurance industry in the near to midterm, the rating agency said in a report published on Friday. ...
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World
The decades-old oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar ...
Allianz Risk Barometer: Cyber Perils Top Concern for Companies Globally in 2022
Growing cyber perils are worrying more companies globally in 2022 than the threat of supply chain disruptions, natural disasters or even the COVID-19 pandemic, according to the Allianz Risk Barometer ...