All Flood articles
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NewsCat models under pressure after a year of global shocks
Earthquakes, wildfires, floods and severe convective storms have tested assumptions and exposed catastrophe modelling blind spots across multiple catastrophe perils.
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NewsFrequency perils reshaping cat risk landscape – Verisk’s Garcia
Verisk’s Giovanni Garcia discusses the changing nature of catastrophe risk, the surge in so-called frequency perils, and how advances in modelling and data integration are reshaping insurers’ understanding of global exposure.
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NewsFrequency perils lead cat surge to $152bn expected insured annual cost – Verisk
A report from insurtech and catastrophe risk modeller Verisk highlights the strain on insurers as severe thunderstorms, wildfires and floods drive sustained losses, with exposure growth and climate change adding further pressure
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NewsReinsurance and Resilience: Has the GCC insurance landscape truly changed after the Dubai floods?
By Melissa Ford, senior vice president and head of Middle East and Africa treaty reinsurance, Everest
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NewsHowden Re highlights improved Central European flood resilience
Significant investment by a number of Central European countries on flood defence measures since 2002 had a major impact in ameliorating the consequences of recent floods, the reinsurance broker said.
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NewsPreventative measures will reduce Central European flood cost – Moody’s
Central Europe floods follow events in 2013, 2002, 1997 and 1954, all of which were associated with the ‘Vb’ weather pattern.
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NewsWhat next after Dubai’s 'unprecedented' heavy rains? - Chedid Re interview
On 16 April, Dubai was affected by sudden, heavy rains that caused significant damages. Elsewhere, in Al-Ain, just over sixty miles from Dubai, nearly three times the usual annual rainfall was experienced in a single day.
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NewsGulf floods update from Guy Carpenter Cat Resource Center
Severe weather hit the Arabian Gulf, starting April 14, 2024, most severely affecting Oman and the UAE. Extreme amounts of rain brought by the storms have led to a preliminary insured property loss estimate expected to exceed $650m, which could reach $850m for the UAE.
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News“Fingerprints of climate change” evident in 2022 nat cats
2022 is the fifth year since 2017 in which insurance losses have crossed the $100 billion threshold - Gallagher Re
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NewsReinsurers risk misunderstanding secondary perils due to cat models
PWC predicts a ‘pretty expensive year’ as secondary perils drive up losses ahead of H2’s Florida hurricane season
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NewsHannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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NewsSwiss Re reports $938m in H1 catastrophe claims
First half income of $157m was dented by natural catastrophe losses, COVID-related losses and reserving for the war in Ukraine
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NewsEffects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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NewsSCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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NewsThousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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NewsAxis reveals 45% drop in cat reinsurance premium
Rumours of a sale of the firm’s reinsurance arm come as it reduces exposure to catastrophe lines
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NewsBuilding resilience against winter storms
Ensure flood plans are up-to-date and any impact from COVID-19 (eg reduced staffing) is accounted for, urges FM Global
