AIR Worldwide has revealed that it estimates the insured loss from natural disasters in 2017 currently stands at US$250 billion, with global insured average annual loss pegged at US$80 billion. Continue reading
by Oliver Suess, Bloomberg 09 Nov 2017
For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market. Continue reading
Washington, D.C., November 2, 2017—Developing countries can meet climate targets promised in the landmark Paris Agreement by catalyzing trillions of dollars in private investments through a combination of smart policy reforms and innovative business models, according to a new report by IFC, a member of the World Bank Group. Continue reading
Aviva, in partnership with Index Initiative, the United Nations Foundation and the Business and Sustainable Development Commission, will today launch the consultation phase of the World Benchmarking Alliance (WBA). This global multi-stakeholder initiative will develop and publish free to access, publicly available benchmarks ranking companies on their sustainability performance and contributions towards achieving the Sustainable Development Goals (SDGs). Continue reading
Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG has launched a new disaster insurance solution designed to rapidly pay out emergency cash when earthquakes or tropical cyclones strike. Continue reading
The Philippines government is still planning to sponsor a sovereign catastrophe bond, in order to further enhance its national level disaster risk financing, and the recently announced parametric disaster insurance pilot is expected to be expanded to cover the entire country.