The world economy regained macroeconomic resilience in 2021, benefiting from the cyclical rebound from the COVID-19 crisis and rising long-dated interest rates during the year. However, we estimate that the resilience lost in the 2020 COVID-19 crisis will only be recouped this year, and any economic deterioration in the coming months may throw the recovery off course.
Explore AM Best’s extensive analysis on how global reinsurance companies have shifted their business mix into casualty and specialty primary lines, where pricing movement is still positive, due to increased losses from natural catastrophe events, secondary perils, pandemic impacts and economic uncertainty. Additional topics include AM Best’s annual ranking of the Top 50 global reinsurance groups, in-depth looks at the insurance-linked securities, Lloyd’s, life reinsurance, mortgage and regional reinsurance markets.
In this Milliman white paper, learn how government-sponsored catastrophe bonds can be a solution to help protect developing nations from the financial devastation of natural disasters and build greater climate resilience for these at-risk countries.
IIS Executive Insights Life & Health Expert: Ronald Klein, Executive Director, BILTIR
“Let sleeping dogs lie,” an expression that has been around since the 13th century, gained fame from Geoffrey Chaucer.[1] It refers to a belief that dogs are unpredictable when suddenly disturbed, so it might be better not to disturb them, because the situation could get unpredictably worse.
The BlackRock Investment Institute’s 2022 Midyear Outlook explores the shift to a new, more volatile regime through the lens of three investment themes – and translates them into updated asset views.
When it comes to digital life insurance distribution, insurers are increasingly discovering that the customer online journey itself is the product – a new mindset that is bringing new opportunities but requiring new ways of delivering. Explore Life Design Sprints, a repeatable, effective innovation process from RGA.
The global economy is slowing sharply and inflation is at multi-decades highs: we anticipate what we call "inflationary recessions" in many major economies over the next 12-18 months. Central banks are hiking interest rates, targeting price stability over economic growth. In our view, this is a notable positive to the current challenging conditions, on two fronts. It will help ward off 1970s-style stagflation. It also signals the end of the era of financial repression.
The RiskStream Collaborative’s RAPID X first notice of loss data sharing solution enables the seamless exchange of information between carrier claim systems, through end to end integration to RiskStream’s Canopy private permissioned network. The RAPID X First Notice of Loss data sharing solution provides the ability to share and update loss data privately with the other carriers participating in the loss event, and has an additional ability to match claims based on an algorithm developed by RiskStream member companies. In total, the RAPID X app has potential to save the U.S.
Worldwide financial insecurity represents one of the greatest challenges and opportunities of our time. With our deep industry knowledge and global footprint, Principal is working to help expand the number of people living in financial security and create new opportunities around the world.
While supply chain risk is not new, the perfect storm of a pandemic, worldwide inflation and the war in Ukraine is creating never-before-seen issues across the entire spectrum of business. From breach of contract, to product liabilities, worker injuries, and more, supply chain disruption introduces a host of insurance risks to be aware of—Liberty Mutual can help.