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
The annual Airmic conference provided a vibrant platform to highlight our primary lead capabilities, commitment to the UK regional market and expanding portfolio of commercial insurance offerings.Learn more
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
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
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.
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
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.