Property
Marsh and WEF launch climate resilience ‘playbook’
Marsh and World Economic Forum report proposes four priority interventions to enable coordination across the property value chain
Canadian Prairies count C$1.8bn in summer storm losses
Country still awaits national flood insurance plan first promised in 2019
Munich Re launches primary specialty business in Italy
Milan operation will offer construction and engineering, property and surety cover
UK property insurers must adjust to the ‘new normal’ of weather claims
The increasing trajectory of climate-related losses indicates a structural shift, which goes well beyond cyclical volatility
CatIQ increases Montreal flooding loss estimate to C$442m
Third tally is higher than second estimate of C$411m
Marsh urges forward-looking assessments of climate risk
Risk intelligence must be linked to business continuity, capital planning, operational decisions and insurance strategy, Marsh’s head of climate and sustainability strategy, says
Insurers expect AI to deliver cost savings by end of 2028
Insurers expect to more than double AI-related technology budgets over next three years, survey finds
Major Caribbean hurricane frequency doubles
The most severe storms in the Caribbean are occurring at twice the rate of 10 years ago, new research finds
Canopius strengthens Apac team with senior appointments
Specialty re/insurer makes senior hires in claims, property and credit and political risk
Von der Leyen promises ‘climate insurance alliance’
EU executive will publish ‘climate resilience framework’ next month
Climate risk reshapes New Zealand’s property insurance market
New Zealand’s experience offers an example of the dynamics playing out across the world, and some lessons for other markets
European wildfire risk at ‘tipping point’
Wildfires in Europe could become a ‘material driver of volatility’ for insurers, Howden Re’s Edwards warns
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