All Resilience articles
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Driving behaviours to increase climate risk resilience – SCOR at GAIF34
Reinsurance rates are being driven by increased claims and exposures, but the insurance industry has the data in its power to incentivise construction practices that will in turn reduce insureds’ exposure to climate change, and the prices paid for protection.
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Howden addresses COP28 on the private sector’s role in protecting vulnerable countries
David Howden, founder and CEO of Howden, gave a keynote speech at the COP28 summit on the power of the private sector to protect vulnerable countries against the effects of climate change and unlock investment in their future.
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London, Paris, New York lead global cities resilience index – Tokio Marine
The least resilient cities, according to the study, carried out in partnership with Economist Impact, were New Delhi, Jakarta, Cairo, Dhaka, and, lastly, Lagos.
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Industry cannot be expected to foot climate bill – Swiss Re
‘Holistic adaptation roadmaps that cut across all levels of society and sectors are vitally needed,’ says UK and Ireland chief executive
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Ariel Re sponsors third cat bond with carbon offset feature
Titania Re III provides $125m of protection for named storms and earthquakes in the US and Canada
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KCC pegs Turkey quake claims at $2.4 billion
Total economic property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion
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Pandemic initiative may point to the future of insurance
Insurers investing in Covid-related research projects could reduce the long-term costs of future risks
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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