The FERMA Forum differs from the Reinsurance Rendezvous in Monte Carlo, as it is mainly attended by corporate risk managers, rather than reinsurers and brokers. This year, however, two overriding concerns were uppermost in the minds of those attending both …
The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees were faced with addressing the pace of change within and without …
Indian Prime Minister Narendra Modi is planning to give farmers comprehensive insurance coverage as he looks to win state elections in largely rural areas. The government will start the new insurance program in the winter crop running from October to …
The article India PM Modi Plans Expansion of Farmer Insurance before India State Elections appeared first on Insurance Journal.
In its latest report Impact Forecasting, Aon Benfield’s catastrophe model development team states: “Global natural disaster losses during the first half of 2015, from both an economic and insured loss perspective, were each below the 10-year (2005-2014) average. “Preliminary data …
The article First Half-Year Economic, Insured Cat Losses Below Average: Impact Forecasting appeared first on Insurance Journal.
A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and multinational expansion as growth drivers, tops the list …
The article Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks appeared first on Insurance Journal.
It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until recently a rock solid bastion of the “we do it …
The article Reinsurance Industry Faces an Uncertain Future as Time Moves on appeared first on Insurance Journal.
While catastrophic event models mainly focus on weather related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas where they will cause the most damage and kill the most …
The article Models for Explosions from Terrorist Attacks Could Reduce the Carnage appeared first on Insurance Journal.
Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,” which is being …
The article ‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes appeared first on Insurance Journal.
Over thirty years ago Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the developed world in studying and …
The article Cat Modeling in a New, more Open Phase: Aon Benfield/Impact Forecasting appeared first on Insurance Journal.
Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of the most innovative creators of what …
The article ThoughtWorks Provides New Thinking for Insurers’ Software Needs appeared first on Insurance Journal.