Catastrophe Risks

With recent catastrophe loss estimates in the region of $136 billion, 2017 is proving to be one of the worst loss years on record for the global re/insurance market, according to the latest "1st View" renewals report from Willis Re. The report concludes that the stability of the reinsurance market bodes well for its future development. Read More

According to JLT Re, at January 1, the global property catastrophe reinsurance sector experienced upward pricing pressure following 5 consecutive years of falling rates. Pricing varied significantly across regions with pronounced firming restricted to classes and geographies experiencing the highest losses. Read More

Swiss Re's preliminary sigma estimates for insured global losses resulting from natural and man-made disasters in 2017 are around $136 billion, well above the annual average of the previous 10 years and the third highest since sigma records began in 1970. Read More

A Kroll Bond Rating Agency (KBRA) research report finds that not only was the 2017 Atlantic hurricane season the costliest ever, but 2017 will likely have the highest insured catastrophe losses in US history. Insured losses from Hurricanes Harvey, Irma, and Maria alone are likely to be approximately $100 billion. Read More

The Federal Emergency Management Agency (FEMA) will use AIR Worldwide's Inland Flood and Storm Surge Models for the United States to better understand the National Flood Insurance Program's (NFIP's) loss potential to help evaluate actuarially sound rates and assess the impacts of major flooding events in real time. Read More