News - Markets & trends
Willis’s 2025 Global Clean Energy Survey: Natural resources at a tipping point
Average spend across the industry on clean energy technologies is expected to increase by over a third in the next financial year, according to the latest global Clean Energy Survey released by Willis, a WTW business.
13 March 2025WTW: Threats, political repatriations and kidnap dominated the crisis management landscape in 2024
Threats against individuals or client assets made about 26% of all incidents reported by clients last year to Alert:24 - the in-house risk advisory and crisis support service provided by Willis, a WTW business. Closely following, at 21% each, were emergency political repatriations of employees or family members and kidnaps for ransom.
27 February 2025Call for EU-wide catastrophe insurance grows as climate risks escalate
The growing financial burden of natural disasters is exposing the limitations of national insurance systems across Europe, fueling calls for a coordinated EU-wide catastrophe coverage scheme. As climate-related risks intensify, experts warn that existing national institutions are struggling to keep pace, leaving vast economic losses uninsured.
26 February 2025Global Risks Report 2025: increasingly grim expectations
Misinformation and disinformation, extreme weather events, state-based armed conflicts, societal polarization and cyber espionage and warfare are the Top 5 short-term (2 years) risks according to the World Economic Forum Global Risks Perception Survey 2024-2025.
13 February 2025Generali Global Corporate & Commercial and Descartes Underwriting launch a new ILS fund, which represents a breakthrough in parametric insurance
Generali Global Corporate & Commercial (GC&C) and Descartes Underwriting announced the launch of the new Lumyna Twelve Capital Parametric Insurance Linked Securities (ILS) Fund, which is a pioneer in the fast-growing ILS market and is a significant step forward in the GC&C and Descartes partnership, aimed at expanding the use of parametric solutions in the natural catastrophe insurance space.
5 February 2025WTW’s Natural Catastrophe Review: 2024 became the first year on record to exceed 1.5°C above pre-industrial levels
In 2024 as the global mean temperature exceeded 1.5°C above pre-industrial levels for the first time, the insurance protection gap for natural catastrophes is estimated to stand at 60%, according to WTW’s Natural Catastrophe Review (July – December 2024), published by WTW, a leading global advisory, broking, and solutions company.
5 February 2025COB announced the launch of a new campaign aimed to encourage insurance providers and insurance bodies to support the ‘Charter of Road Traffic Victims Rights’
COB, an international organisation active in the motor insurance sector and acting for the protection of cross-border road traffic victims, announced the launch of a new campaign which aims to encourage insurance providers and insurance bodies to support the ‘Charter of Road Traffic Victims Rights’, the press release says.
5 February 2025Allianz Risk Barometer 2025: Top Global Risks increasingly intertwined in a complex network of cause and effect
Cyber incidents, including data breaches, ransomware attacks, and IT disruptions like the CrowdStrike incident, top the Allianz Risk Barometer for 2025. Business interruption ranks #2, remaining a key concern across all company sizes, followed by natural catastrophes.
16 January 2025STATISTICS: Swiss Re’s CEOs about 2025 in reinsurance: as uncertainty rises, so does the need for protection
A few days before the beginning of 2025, Swiss Re's Business Unit CEOs share their views on the key themes that will shape the re/insurance industry in the year ahead. Geopolitical, economic and social tensions, as well as natural catastrophes will be the main threats to which reinsurers will have to respond.
19 December 2024Zurich Insurance Group: Global Economic and Markets Outlook 2025
Zurich Insurance Group has released its Global Economic and Markets Outlook 2025, highlighting significant shifts in the global economic trajectory. The report underscores a period of flux in the macroeconomic backdrop, driven by recent geopolitical developments, fiscal measures and evolving trade policies.
12 December 2024Swiss Re Institute: insured losses worldwide above USD 100 billion for 5th consecutive year
Estimated insured losses from natural catastrophes on track to exceed USD 135 billion in 2024 worldwide. Europe, in particular, has experienced intense flooding in 2024, resulting in the second-highest insured losses from floods in the region ever, according to Swiss Re Institute's estimates.
5 December 2024G20 Survey: Economic threats continue to overshadow climate and cyber risks
Extreme weather enters G20 top five risks following a year marked by record temperatures, severe flooding and wildfires, shows the Executive Opinion Survey, conducted by the World Economic Forum. However, economic threats continue to top the list of concerning issues.
5 December 2024Swiss Re Institute: Global life insurance premiums are forecast to grow at an annual rate of 3% in 2025 and 2026
Global life insurance premiums are forecast to grow at an annual rate of 3% in 2025 and 2026, more
25 November 2024Global Insurance Report 2025 offers granular insights and clear recommendations for how leading insurers can drive performance in the shifting landscape
According to the recent McKinsey’s Global Insurance Report 2025, published in three chapters covering commercial P&C, personal lines P&C, and life, finding profitable growth is an imperative for the world’s personal and commercial property and casualty insurers, while life carriers must adjust to changing consumer needs.
25 November 2024European Council greenlights new regulation on Environmental, social and governance (ESG) ratings
The Council adopted on 19 November a new regulation on environmental, social and governance (ESG) rating activities. The new rules aim at making rating activities in the EU more consistent, transparent and comparable in order to boost investors’ confidence in sustainable financial products.
20 November 2024AUSTRIA: The insurance industry as a partner of the state: solutions for the challenges of our time
The Austrian Association of Insurers (VVO) urges a united response to tackle demographic shifts and escalating climate-driven natural disasters, whose impacts on Austria are deep and long-term. The insurance industry, as a partner to the state, can play a central role in addressing these challenges.
14 November 2024Aon: Q1-Q3 global natural disasters caused insured losses of USD 102 billion
The 280 notable global natural disaster events recorded in Q1-Q3 2024 resulted in economic losses of at least USD 258 billion and insured losses of USD 102 billion, the “Q3 Global Catastrophe Recap – October 2024” released by Aon reveals.
31 October 2024Pollination Group and Howden examine the role of insurance in unlocking nature finance
Specialist climate change investment and advisory firm Pollination Group and Howden, leading global insurer, have partnered to produce a joint report: “Through the Wilderness” – a role of insurance in unlocking nature finance.
17 October 2024WTW: Cybersecurity and regulation revealed as top risks facing TMT sector
Cyber and data privacy is the number one risk across the technology, media and telecoms (TMT) sectors, as they become increasingly reliant on innovations such as artificial intelligence (AI) to drive growth, according to the Technology Media and Telecoms risk report 2024 published today by WTW, a leading global advisory, broking, and solutions company.
10 October 2024Why CMR can’t fully protect European cargo owners
CMR, or the Convention on the Contract for the International Carriage of Goods by Road, has been mandatory in Europe for international haulage for many decades now. But just how effective is it as a form of carrier liability insurance, and what impact do the gaps in this coverage have on businesses?
11 September 2024
