All Claims articles
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NewsPinning down inflation effects
Soaring inflation is creating issues on many levels - but there are things you as a risk manager can do
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Predictive analytics in an era of cascading risks
How effective data integration makes sense of complexity and takes risk management into a new era
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Australia’s extreme weather burden grows - ICA
Since 2005, Commonwealth expenditure on disaster relief was $24 billion, while spending on disaster resilience was just $500m
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Risk managers should ‘pick recovery over replacement’ to aid sustainability
As sustainable approaches burgeon in importance, risk managers have been urged to focus on recovery measures when disaster hits
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Flood losses ‘material’ for Korean insurers - Fitch
The heavy rainfall caused unprecedented flooding in various parts of Seoul, Gyeonggi Province and Incheon, with the Gangnam area one of the worst hit
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Floods across Asia drive H1 cat losses
Floods in India, China and Bangladesh confirm the growing loss potential from floods in urbanised areas
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APAC nat cats cost $22 billion in H1 - Munich Re
The loss tally is higher than usual with floods in Australia constituting the costliest disaster at $6.6 billion
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Fire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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Claims inflation will extend hard market - sigma
Global insurance premiums are set to surpass $7 trillion, with China now the world’s second largest market
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Cyber extortion grows in sophistication, warns Beazley
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex
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Sydney flood claims begin to mount
So far, insurers have received 8,415 claims costing $97.9m, but losses are expected to rise substantially
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East Coast Floods were ‘most costly flood event’ in Australia’s history
Claims costs creep towards $5 billion four months after ICA declared the event a catastrophe
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Queensland gains additional resilience funding
It follows the devastating floods experienced in South-East Queensland in February and March this year
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Australia flood claim costs hit $5 billion
Claims inflation, due to rising labour and supply costs, is a key driver of the loss creep
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2022 Australia flood claims rise to $4.3 billion
Floods that hit South-East Queensland and Northern New South Wales are now the country’s fourth costliest disaster
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Sri Lanka riot claims to exceed $3m
Widespread riots broke out in Sri Lanka following an attack on anti-government protests in Colombo on 9 May
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GCube reveals impact of supply chain crisis on renewables
Recurring lockdowns have ”exposed the weaknesses of the solar industry’s total reliance on Southeast Asia”
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Australia’s 2022 flood costs break previous records
Floods in February and March are estimated to have cost $3.35 billion in insured losses
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PERILS pegs Australia flood claims at $4 billion
Event is the largest flood loss on record for insurers, exceeding the 2011 Brisbane floods
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UNDP partners with Generali to tackle protection gap
The partnership will support developing countries’ access insurance and risk finance solutions
