"Both insurers and reinsurers alike find themselves facing a sharp rise in inflation, which together with sustained high expenditures for major claims is adversely impacting the profitability of the entire industry," says Dr. Michael Pickel,…
Munich Re says it still anticipates a profit of about €3.3bn for 2022, however, has become significantly more challenging to meet the 2022 profit target – which is subject to the realisation of currently anticipated positive one-off effects,…
The Supervisory Board of Munich Re has announced the appointment of Dr. Thomas Blunck (aged 57) as the Chair of the Reinsurance Committee of the Group’s Board of Management with effect from 1 January 2023.
"The outlook both on the economy and on inflation has become bleaker in the past few weeks, especially in Europe. That, along with increasing risks from cyber attacks and natural disasters, puts insurers in a difficult and complex situation…
It is with great pleasure that we welcome Chris on board. He is a highly experienced insurance and reinsurance professional with an in-depth knowledge of our market, which makes him the ideal person for the role, Catherine Fassi, Regional CEO…
The year 2022’s renewal rounds so far have taken appropriate account of our prudent consideration of inflation changes, and rising interest rates will have a positive effect on our return on investment in the medium term, says Torsten Jeworrek…
"The inflation rates in many regions are higher than they have been in decades. Combined with the war in Ukraine and given that the pandemic has still not been overcome, this is fuelling the long-standing trend towards ever-higher loss burdens…
The natural disaster picture for the first half of 2022 is dominated by weather-related catastrophes, with extreme tornadoes in the US causing billions in damage, parts of eastern coastal Australia submerged by floods, and southern Europe struggling…
An understanding of the monkeypox outbreak, including transmissions, vaccines, treatments, and the potential impact it may have on insurers and society is of paramount importance to our clients, says SCOR.
Today, consensus appears to be that there are vast opportunities for premium growth, investment in environmental, social and governance (ESG) factors, innovation and digitalization as the global economy recovers post-pandemic, says Paballo Makupu,…
Along with the potential implications of the war in Ukraine, we faced numerous natural catastrophes and further pandemic-related strains in life and health reinsurance in the first three months of the year, says Jean-Jacques Henchoz, Chief Executive…
We built Onnu with Americans of modest means in mind, leveraging machine learning to help ensure people have access to a more secure financial future, says Felix Ortiz, CEO and co-founder of Onuu.
The intention is to build on two great consecutive results in 2020 and 2021 and continue delivering profitable growth in the years ahead, says Stuart McMurdo, CEO of SCOR P&C EMEA and the SCOR Syndicate.
The impact of climate change on agriculture is relevant in both economic terms and in terms of food security.
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