All Complex claims articles
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NewsNew Zealand summer flood claims hit NZ$1.65 billion
Floods are the largest weather-related loss in history for New Zealand, prompting a rethink of extreme weather exposures
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Demand for BII shoots up after COVID test cases
Insurance class to see a period of “growth and stability”, but appetite for pandemic cover remains muted
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Significant loss creep on East Australia floods
Event is now the largest insured catastrophe loss event experienced in Australia at $6.3 billion
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The risk of underinsurance posed by inflation
Brokers have a ‘real opportunity’ to showcase their value in the face of cost and supply chain pressures
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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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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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Cyber war exclusions boost likelihood of claims litigation
A lack of standard, battle-tested definitions in cyber policies makes litigation more likely amid the conflict in Ukraine, warns Moody’s
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Earth observation data: A new frontier
The application, accuracy and quantity of satellite data continues to explode with opportunities for risk transfer and mitigation
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“No room for complacency” in shipping industry
Crew and port congestion challenges and the war in Ukraine are among the challenging headwinds - AGCS
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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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Complex energy claims dropped during 2020-2021
Losses such as the Beirut explosion in 2020 and Winter Storm Uri were not included in the analysis
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Namie Earthquake claims up to $4 billion - Verisk
Up to $820m in insured losses from the M7.3 earthquake are attributed to commercial and industrial properties
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Digitising large and complex claims
How remote claims technology is helping make claims handling faster and more flexible
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Summer floods drive 2021 cat losses - CRESTA
The Fukushima earthquake, floods in Henan province and most recently Typhoon Rai in the Philippines are among major cat events
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Special report: Complex claims
When it comes to large and complex claims you told us your main concern was nasty surprises
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Making good on a promise
It is in how they manage blindsiding losses that the risk managers prove their mettle
