The California Earthquake Authority (CEA) did not come back to the reinsurance market at its typical October 1st renewal, allowing roughly $511 million of cover to expire and it now expects to re-evaluate its risk transfer need at the January renewals, meaning a $215 million catastrophe bond will likely mature without renewal later this month.As … Read more
People with HIV are living longer lives. That’s good news. However, it also means they’re more likely to live long enough to develop age-related diseases, such as dementia. Dementia is a loss of mental skills that affects your daily life. It can cause problems with memory, problem-solving, and learning. The risk of dementia among older … Read more
By Mary Sams, Senior Research Analyst Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry, according to RiskScan 2024, a new survey from Munich Reinsurance America Inc. (“Munich Re US”) and the Insurance Information Institute (Triple-I) reveals. RiskScan 2024 provides a cross-market overview … Read more
Lockton Re, the independent reinsurance broker is working with risk modelling and data analytics specialist Verisk to develop new index and parametric triggered risk transfer solutions for climate and weather effects on agriculture.Lockton Re will use Verisk’s agricultural risk modeling solutions, including the firm’s Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the … Read more
These days, our personal information is everywhere—from online shopping and social media to government databases and healthcare records. With so much sensitive data living across various online platforms, what does this mean for your identity and the risk of identity theft following a data breach? Due to recent major breaches, like the National Public Data … Read more
