Accessing Capacity for Community-Based Catastrophe Insurance Programs: Community-based catastrophe insurance (CBCI) solutions have the potential to enhance the financial resilience of communities and their residents, provide affordable and reliably available disaster insurance, and create incentives for community-level and individual risk reduction.
Climate Change Is a Health Crisis. How Can Health Care and Life Sciences Respond? It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms.
What If We Applied the Urgency of Solving COVID to Climate Change? It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms.
April 2021 Reinsurance Renewals; Japan: At the April 1 reinsurance renewals, property catastrophe pricing increased for the third year in a row. Following the first loss-free year since 2018, there was some consolation for buyers in that the average increase was the lowest of the past three years. Rates moved up on average by a small percentage for mutual buyers.
April 2021 Reinsurance Renewals; Korea: While Korea had not experienced any impactful losses in recent years, a mid-sized typhoon, heavy rain losses and several large single losses occurred in 2020, influencing the pre-renewal expectations. However, capacity was more than sufficient and certain markets were proactive as they sought potential cedents.
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Four Steps to Building a COVID-19 Vaccination Strategy: With COVID-19 surges continuing in many parts of the world and the vaccine supply limited, it is difficult to maintain a vision of the end of this pandemic. That said, vaccines remain the most reliable and widest path out of the current crisis. In most countries, the public sector is predominantly handling the initial mass vaccination rollout; however, the private sector is playing an important role in encouraging vaccinations and, importantly, continued COVID-19 protections.