The Mercer’s 2024 Global Talent Trends Study findings highlight a staggering shifts at work, pointing to a notable divergence between the views of the C-Suite and HR on what will carry business forward in 2024, and a lag in employees’ views on the impact of technology.
28 March 2024
Global insured losses from natural catastrophes in 2023 exceeded USD 100 billion for fourth consecutive year with earthquake, driven mainly by the increased frequency of the events, Swiss Re Institute said, estimating that insured losses could double within the next ten years.
26 March 2024
Climate change will have a larger impact on economic losses in the future, according to Swiss Re Institute. A new analysis of 36 countries ranks the Philippines and the US as the most economically exposed countries today, where hazard intensification is likely to occur due to climate change.
29 February 2024
Increasing digitalization of the insurance business may be hindered by the narrow interpretation that data protection authorities are giving to the General Data Protection Regulation (GDPR), the German Insurance Association (GDV) stated in an article published on its own website.
15 February 2024
Multi-cancer early detection blood tests offer a future where a single blood test can provide a routine, comprehensive screening for a range of cancers. This type of minimally invasive test would be a revolution in the early detection of cancers and has the potential to improve survival rates and decrease the economic burden of late-stage treatments.
31 January 2024
For the fourth consecutive year 2023 saw a global insured loss exceeding USD 100 billion, as compared to a total economic loss surpassing USD 350 billion, confirming once again the ever present protection gap; such losses are becoming the norm, not the exception, the latest
Natural Catastrophe Review released by WTW (Willis Towers Watson) shows.
29 January 2024
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the
Allianz Risk Barometer.
23 January 2024
As we enter 2024, 2023-2024 GRPS (Global Risks Perception Survey) results highlight a predominantly negative outlook for the world over the next two years (84% respondents are concerned) that is expected to worsen over the next decade (92% are pessimistic), according to the
Global Risks Report 2024, developed by the
World Economic Forum in collaboration with Zurich and Marsh McLennan.
16 January 2024
The World Economic Forum’s
Global Risks Report 2024 produced in partnership with
Zurich Insurance Group and
Marsh McLennan warns of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. Against a backdrop of systemic shifts in global power dynamics, climate, technology and demographics, global risks are stretching the world’s adaptative capacity to its limit.
16 January 2024
Top 100 insurance groups accounted for about 61% of the gross premiums written globally in 2022, while the Top 10 groups controlled a little over 17% of the approximate global total GWP of 7,530 USD billion, recent data provided by Insurance more show.
10 January 2024
The year 2024 is set to be one of significant political upheaval and economic instability. As countries representing 60% of the global GDP head to the polls, governments, businesses, and households are adopting a widespread 'wait-and-see' attitude that will likely delay critical economic decisions.
9 January 2024
As the UN's global climate talks came to a close, Europe's insurance industry reconfirmed its commitment to fighting climate change and overcoming climate protection gaps – the uninsured losses from natural catastrophes – which are increasing as the impact of climate change materializes.
13 December 2023
Right before COP 28 is ready to kick-off, Moody’s Investors Service delves into 90 sectors accounting for USD 82 trillion in debt in our rated universe, exploring the potential credit impacts from five major environmental pressures.
29 November 2023
Total premium growth is forecast at 2.2% annually on average for the next two years, higher than the average of the past five years, the latest sigma research reads, also emphasizing that there are reasons for optimism in profitability terms. However, geopolitical evolution remains challenging for the global economy.
22 November 2023
Insurance markets currently have to cope with growing uncertainty: inflation, geopolitical crises, rising cyber risks, and an increased frequency and severity of natural events, also in Europe where we have seen an unprecedented series of natural catastrophe losses exceeding the 1-billion-euro mark this year. These changes will be at the center of the upcoming renewal discussions, Munich Re stated anticipating the reinsurers’ meeting in Baden Baden.
19 October 2023
Digitalization is a source of new growth, new risks and new efficiencies for the insurance industry. Digital value creation has led to an increase of firms' intangible assets, including digital data. At the same time, increased dependency on digital infrastructure makes such assets more vulnerable, for example to business interruption and cyberattacks. In its latest sigma study, "The economics of digitalization in insurance", Swiss Re Institute finds that potential benefits across countries and throughout the insurance value chain are far from exhausted.
12 October 2023
To say that the insurance industry is currently changing would be vastly understating the impact of so many new developments and market conditions. Insurance carriers today are confronted by unprecedented change, coming all at once and from a wide range of factors, reads the “
Insurance Operations in a Changing Industry” report issued by Earnix, a global provider of mission-critical, intelligent solutions that are designed to transform how global Insurers and Banks are run.
12 October 2023
MOLDASIG S.A., the leader in the insurance market in the Republic of Moldova, is making available for purchase an 80% stake in the company's share capital in a single package of tradable shares on the regulated market of the Republic of Moldova. The purpose of this offering is to strengthen the company's reputation and financial stability.
4 October 2023
Weather- and climate-related extremes caused economic losses estimated at EUR 560 billion in the EU between 1980 and 2021, of which only EUR 170 billion (30%) were insured. Nearly 195,000 fatalities have been caused by floods, storms, heat- and coldwaves, forest fires and landslides. Heatwaves caused over 87% of the total number of fatalities from extreme weather events between 1980 and 2021.
7 September 2023
As Nat Cat business has become largely loss-making in recent years after many years of soft market, global reinsurers are cutting back on the cover they provide against medium-sized natural catastrophe risks, mostly by tightening T&C, Fitch Ratings says, adding that under the investors’ pressure reinsurers are looking now to other parts of the market showing better profitability.
31 August 2023