Swiss Re Corporate Solutions will collaborate with risk analytics firm Reask to expand the scope of its parametric windstorm solution STORM.
To assist the airline industry to get automated flights (flights without pilots) off the ground could be a big challenge for the insurance underwriters.
Philippine Crop Insurance Corporation’s (PCIC) weak risk management practices put it at risk of suffering large losses from major CATs, which would eventually be shouldered by taxpayers, according to the Philippines department of finance (DoF).
Howden, a specialist insurance broker, plans to promote the use of innovative financing models to help plug the $20bn disaster relief funding gap.
Satellites are the backbone of our daily lives and this makes them an increasingly attractive target for cyber hackers, according to Hiscox Global Insights.
The UK nuclear risk insurance pool has increased its capacity to EUR1.2bn ($1.39bn) to comply with new requirements for the nuclear industry to compensate victims of an accident.
US weathered 18 weather and climate disaster events with losses exceeding $1bn each across the country till September during 2021.