The June 14th 2017 tragedy involving London‘s Grenfell Tower has brought the problem of high rise buildings clad in combustible exterior walls to the forefront of mainstream media.Learn more
The June 14th 2017 tragedy involving London‘s Grenfell Tower has brought the problem of high rise buildings clad in combustible exterior walls to the forefront of mainstream media. However, the string of high profile fires that occurred in Dubai starting in 2012 and involving combustible exterior wall assemblies should have
warned us that additional large scale fires, including those with the potential to involve loss of life and catastrophic property damage, was likely inevitable.
Risk managers and corporate insurance professionals consistently identify Business Interruption (BI) as the major concern facing their business today. In this publication we explore some common challenges clients face when working out their Business Interruption cover through a series of case studies.
Underestimated infectious diseases, growing water stress, the impact of future artificial intelligence legislation, cloud risk accumulation or precision farming: Do you want to know more about these topics?
Welcome to the latest edition of Swiss Re SONAR, our update of the
emerging risk landscape.
On 24 August 2016, a magnitude 6.2 earthquake hit the Apennines
Mountains in central Italy, devastating the small towns of Amatrice,
Accumoli and Pescara del Tronto. At the time of writing, 293 lives were
lost. This is the latest in a series of heavy earthquakes to hit Italy in recent years. The country is particularly exposed to earthquake risk as it is located where continental plates collide and building stock is vulnerable. Yet just over 1% of residential buildings are insured against earthquakes. How can Italy and its residents better prepare for future events?
Il 24 agosto 2016, un terremoto di magnitudo 6,2 ha colpito gli Appennini nel centro Italia devastando le cittadine di Amatrice, Accumoli e Pescara del Tronto. Il 26 ottobre, due scosse di assestamento di magnitudo 5,5 e 6,1 hanno colpito Visso, a nord di Amatrice. Il 30 ottobre, una scossa di magnitudo 6,6 ha colpito Norcia, un comune fra Amatrice e Visso. Quest’ultimo è stato il terremoto di maggiore intensità a colpire l’Italia dal 1980 ed il tremore è stato avvertito in quasi tutto il Paese. Nel complesso, ci sono state 299 vittime. Questa è stata l’ultima di una serie di terremoti disastrosi verificatisi in Italia negli ultimi anni. Il Paese è particolarmente soggetto al rischio sismico in quanto e situato in una zona in cui le placche continentali entrano in collisione ed il patrimonio edilizio è vulnerabile. Eppure, poco più dell’1% degli edifici residenziali è assicurato contro i terremoti. Come possono l’Italia ed i suoi abitanti prepararsi ad affrontare meglio gli eventi futuri?Download
CatNet® is an up-to-date source of information on major
natural disasters and their effects on the insurance industry
and national economies.
Total economic losses and global insured losses from natural catastrophes and man-made disasters in 2016 were the highest since 2012, reversing the downtrend of the previous four years.Learn more
Japan’s commercial insurance market is the fourth largest in the world after the US, the UK and China. Commercial insurance premiums in Japan totalled USD 33.5 billion in 2015. Penetration (premiums as a percentage of gross domestic product (GDP)) has been rising in recent years, but it is still low relative to other advanced markets. In 2015, commercial insurance penetration in Japan was 0.81% of GDP, compared to 1.6% in the US and 2.4% in the UK.Download
Insurance today relies on models to predict earthquaketriggered
losses on the US west coast. But there is a lurking danger. Many do not consider the variability of model outcomes. As research by Swiss Re reveals, this can lead to an underestimation of ensuing losses.