Catastrophe Risks
Pandemic Risk Moves into Top Spot in AXA 2020 "Future Risks Report"
With the world still gripped by the COVID-19 pandemic, experts rank pandemic and infectious diseases as the number one risk confronting society in the next 5 to 10 years, according to AXA's 2020 "Future Risks Report." Climate change, the survey's top risk since 2015, slipped to second place this year. Read More
Pandemic, Catastrophes Pose Risk to Insurers' Second-Half Results
The COVID-19 pandemic will continue to have an impact on US property-casualty insurers' results in the second half of 2020, though pandemic-related losses will likely be outweighed by catastrophe losses, according to Fitch Ratings. Insurers' full-year combined ratio will likely move toward 100 percent from the 98 percent at midyear. Read More
CapAlt Webinar Focuses on Risk Management Strategy for Chaotic Times
An upcoming webinar from Captive Alternatives (CapAlt) aims to help businesses understand how alternative risk transfer can help them prepare for what's ahead. The webinar, scheduled for 1 p.m. (EDT) on Thursday, October 8, 2020, will focus on how CapAlt's private insurance risk management strategy can help small and middle-market business owners. Read More
Surplus Proving Invaluable to Captive Owners in Current Environment
Marsh set up 76 new captives in the first 6 months of 2020, and its captive insurance leader said she expected more to come in the next 18 months. The number of new formations was more than a 200 percent increase compared to the same period in 2019. Read More
COVID-19 Pandemic Highlights Need for a New Approach to Resilience
The COVID-19 pandemic has amplified the challenge posed by a siloed approach to business continuity management and crisis management, according to a new report examining risk professionals’ response to the crisis. The report found that the pandemic has highlighted a frequent disconnect between strategic risk and operational resilience and response. Read More