What factors are critical for hurricane development? How reliable are seasonable forecasts? What is parametric insurance? These and many other topics were discussed during Swiss Re Corporate Solutions' risk management webinar on Wednesday, June 27, 2018 with Kirsten Orwig, PhD, Nat Cat Specialist and Cole Mayer, Structurer, Innovative Risk Solutions.Learn more
Since 1980, nine countries in Central America and the Caribbean have had at least half of their annual gross domestic product (GDP) wiped out by a natural catastrophe. The 2010 earthquake in Haiti had an estimated impact of 120% of GDP.Download
With 65% of the workforce employed in agriculture, millions of people living in sub-Saharan Africa depend on farming not only for food, but also for incomes and livelihoods. Without enough rain to feed the land, the effects can be devastating.Download
Uruguay is fortunate to have four river basins within its borders, two of which feed its hydroelectric plants. Hydropower can supply up to 90% of the country‘s electricity demand in a humid year. A dry year, however, can be costly.Download
Bob Nusslein, Head Innovative Risk Solutions Americas and David Langman, Head Innovation Sales North America provide expert insights on applying parametric solutions to address nat cat perils, comparing traditional insurance and parametric cover, along with real world examples and case studies for successfully implementing effective parametric solutions.Learn more
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
Watch the recent Swiss Re Corporate Solutions webinar on the rise of NATCAT events and parametric solutions. During the webinar we'll explain what parametric solutions are in more detail and provide real-life examples of how these solutions are helping corporations protect their balance sheet against adverse and catastrophic weather events.Learn more
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
Parametric insurance solutions provide security that you won’t find with more conventional insurance products. The distinguishing feature of parametric insurance is that it depends on an external event, for example a hurricane or earthquake. If this insured event occurs, you receive compensation, which is graded according to the severity of the incident.Learn more
Have you ever heard of a retailer taking out insurance against poor sales revenue? At first glance, it’s not the sort of risk you would normally consider insurable. However, if you dig deeper it’s not as fanciful as it may seem.Learn more
Over the past 50 years, 75 major flood events have been reported in Argentina, affecting around 13 million people and taking more than 500 lives. With the equivalent of USD 22.5bn lost since 1980, floods are the most costly natural catastrophe affecting the country.
Adjusting for the country‘s GDP growth, the same events today would have caused accumulated losses of USD 43.5bn.
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. Quando è stato scritto questo rapporto, le vittime erano 293. Questo è l’ultimo di una serie di terremoti disastrosi verificatisi in Italia negli ulti i anni. Il paese è particolarmente soggetto al rischio sismico in quanto è situato in una zona in cui le placche continentali entrano in collisione. Eppure, poco più dell’1% degli edifici residenziali è assicurato contro i terremoti. Come possono l’Italia e i suoi abitanti prepararsi ad affrontare meglio i terremoti futuri?Download
The scale of increased earthquake activity in Oklahoma over recent years is unparalleled. Since 2008 the number of magnitude 3.0 earthquakes per year has grown from roughly 2 per year to an average of nearly 3 per day. This now makes Oklahoma the most seismically active of the lower forty-eight states. It’s highly likely that this dramatic rise in earthquake occurrence is largely a consequence of human actions.Download
The global economy and even politics are increasingly affected by climate change. In this context, Swiss Re is keen on carrying out research into the changing contexts of natural disasters and the development of relevant financial solutions that aim to reduce, or even eliminate, the negative impacts of these disasters on livelihoods, the
economy and politics. It aims to do so by providing those affected, such as individuals, businesses and all levels of government, with relevant scientific and institutionalised disaster-prevention and disaster-relief mechanisms.
Flood poses a risk to individuals, business and the public sector. Severe events in Canada can cause losses exceeding CAD 13 billion, with less than half of these covered by insurance. This leaves many families without the necessary funds to rebuild their lives
if disaster strikes. In addition it delays economic recovery in the affected areas ― an effect that hits even those whose homes are still standing. Concerted action across the risk management chain that involves all key stakeholders ― government, the insurance industry and homeowners ― can strengthen flood resilience in Canada.
Agriculture employs one in three people in Sri Lanka and contributes
over ten percent to export income. This important sector of the economy relies on rain – a resource that will become increasingly unpredictable with global warming. Protecting farmers against future floods and droughts is paramount to keep employment and income from this economic pillar growing.
Um Versicherungsschäden künftiger schwerer Stürme in Europa besser einzuschätzen, kann eine Analyse der drei grössten Ereignisse im späten 19. Jahr hundert ebenso nützlich sein wie Szenarien, die in einem Wetter- oder Klimamodell künstlich erzeugt werden. Ein solcher Ansatz hilft der Versicherungswirtschaft ausserdem, die Abfolge starker Stürme, die Europa Ende des 20. Jahrhunderts heimsuchten, in einen längerfristigen Zusammenhang zu stellen.Download
CatNet® ermöglicht eine professionelle Betrachtung und Bewertung von Gefährdungsexponierungen auf der ganzen Welt. Erfahren Sie, welche Funktionen Ihnen die neue Version von CatNet bietet.Download
This fact sheet explains the content of our web tool available for our clients free of charge.Download
Kazakhstan is one of the largest grain producers and exporters in the world. However, drought frequently endangers large parts of the country and is the number one threat to farmers.Download
This publication analyses severe weather events in the late 19th century and their potential impact on insurance todayDownload
Natural catastrophes are increasing in frequency and severity. What is more, the gap between economic and insured losses has remained stubbornly large. The consequences are especially severe in emerging markets, which are both the worst hit and the least prepared.Download