Sustainability
Axa XL fronts parametric policy via Luxembourg captive
‘First-of-its-kind’ policy protects large energy business against a lack of rainfall
Parametric insurance can play a crucial role in protecting coral reefs
While parametric insurance for coral bleaching faces significant challenges, it is likely to play a growing role in protecting against acute hazards such as tropical cyclones
Captives ideally placed to support sustainability
Of 6,000 captives worldwide, only four have signed the UN’s Principles for Sustainable Insurance
LMA launches framework for insuring transition risk
While some insurers are already actively underwriting the transition, managing agents should be aware of silent transition risk, association warns
Lloyd’s partners with UN on disaster resilience vehicle
'First of its kind' resilience vehicle will leverage global reinsurance markets to provide exposure-based payments directly to climate-vulnerable communities
Generali restricts cover for new fossil fuel infrastructure
Italian giant will stop writing policies for some midstream and downstream facilities
Perils lowers Babet losses to €639m
The UK incurred the majority of the losses, totalling £495m, loss aggregator says
Mitigation needed to reduce frequency catastrophe losses: Swiss Re
The insurance industry needs to work with the public sector and civil society to roll out mitigation efforts, the Swiss reinsurer’s head of P&C reinsurance for northern, central and eastern Europe says
Helene takes 9M insured losses over the $100bn mark
Severe convective storms account for more than half of insurers' exposure, analysis by Gallagher Re finds
Lloyd’s far off net-zero target, climate activist group claims
Lloyd’s managing agents urged to cease covering new fossil fuel projects from January 1
Parametric insurance can play a vital role in east Africa’s battle with severe drought and rain
East Africa rainy seasons are primarily influenced by the movement of the Intertropical Convergence Zone, but they are also affected by major climate patterns: the Indian Ocean Dipole and El Niño-Southern Oscillation
Outdated models are no longer sufficient to predict future risks: Swiss Re
Swiss Re Institute’s Alicia Montoya calls for a ‘complete data revolution’ in the insurance industry
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