New climate regulation represents a step change for insurers — but also, a commercial opportunity. At Oliver Wyman, we are helping insurance leaders on all aspects of sustainability strategy to meet climate requirements and fuel new products and services. Our new perspective shares the foundation teams need to get started.
Ongoing global crises will renew focus on “real” economy issues. Insurers can help maintain resilience as a new world order takes shape for instance by providing businesses with protection against earnings volatility as operating conditions change, and as investors in a sustainable future.
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.
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.
Flood was a common factor among the major global loss events of 2021, and a peril risk managers and the industry should pay close attention to going forward, according to the latest sigma report from the Swiss Re Institute.
Overall, natural and man-made disasters in 2021 resulted in global economic losses of USD $280 billion, the sixth highest on sigma records. Insurance covered USD $119 billion, the fourth highest on record.
In this Society of Actuaries report, Milliman consultants study the effects of hurricanes on human health, beyond the direct consequences of the storms themselves.
As the world starts to reopen and we grapple with other, immediate global concerns, the virus's fate has only one outcome: it will become endemic in our society. Each major variant so far has been more transmissible than its predecessors and brings different symptoms and differing resistances and susceptibilities to vaccines or treatments. Resurgent waves of breakthrough infections, driven most recently by the Omicron variant, in vaccinated populations with waning immunity, remain an ongoing risk to economic recovery and healthcare.
