All Resilience articles
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Global nat cat losses surpassed $313 billion in 2022 - Aon
$132 billion was covered by insurance, revealing a 58% ‘protection gap’; Hurricane Ian was the most costly event of the year
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Aon and top reinsurers launch Open Exposure Data Standard
Initial testing on reinsurance placement data for Japan, Australia and China has proved successful
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Shirel Stedman joins board of Flood Re
It is a ‘critical time’ for flood risk with climate change on the rise and Flood Re due to exit the market in just 16 years
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Eastern Australia floods top 2022 ex-US cat losses for insurers
The floods cost insurers $4.7 billion, while European winter storms generated $4.2 billion in claims - CRESTA
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RSA launches low-carbon underwriting policy
Insurer has committed to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030
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Nigeria gains parametric flood resilience scheme
Solution will pay out based on flood magnitude with funds targeted for immediate infrastructure reconstruction
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IDF calls for 'convergence' of insurance and disaster risk management
As key milestones announced at COP27, IDF heralds the industry’s ability to influence “systemic change”
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Re/insurers providing $5.5 trillion a year in resilience protection
The Geneva Association sets out how the industry can do more to promote social sustainability and close protection gaps
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COP27: Covea, Hiscox and RSA commit to ‘Build Back Better’
Investing in property level flood resilience measures lessens the impact of future flooding - Flood Re CEO
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Baden Baden: Cedants must dramatically increase retentions
As reinsurance capacity retreats and inflation soars, insurers must be prepared to retain more risk - Swiss Re
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Catastrophic floods hit three Australian states
More extreme weather is on its way with widespread rain and storms forecast across eastern Australia later this week
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Flood Re’s resilience scheme offers substantial dividend - JBA
The take up of Property Flood Resilience could have a major impact on projected flood losses in the UK
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Swiss Re and Indonesia Re in digital collaboration
The collaboration will act as a catalyst for digital transformation in Indonesia’s insurance industry
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WTW appoints Conway to head Ecosystem Resilience practice
She was Lead Climate Finance Negotiator for the US delegation to the UN Framework Convention on Climate Change
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SCSs 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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Gallagher Re & Africa Re partner to tackle Africa’s protection gap
Regional drought conditions and the global political environment call for prompt action around resilience and risk transfer solutions
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Evolving black swans are making the industry nervous
Past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’ - Accenture
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Suncorp reveals reinsurance program changes as it braces for further flood claims
The Australian cedant’s natural hazard allowance is expected to increase to $1.2 billion, reflecting losses to date
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Thousands 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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Re/insurance has never been more valued - Lloyd’s boss
The insurance industry’s role is not just about helping clients recover but also building resilience, says John Neal