Fitch Withdraws 3 Belarusian Insurers’ Ratings
Fitch Ratings – London – 13 Jul 2022: Fitch Ratings has withdrawn three Belarusian insurers’ Insurer Financial Strength (IFS) Ratings. A full list of rating actions is below. Fitch is withdrawing the IFS Ratings, as the agency no longer has access to sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings […]
Humanitarian insurance – ethical tightropes, trade-offs and unintended consequences
Insurance can be a useful tool for managing the unpredictable costs of disasters. This seems a good fit for a sector whose core business is responding to the human impacts of disasters, and often struggles to find the resources to meet unexpected peaks in demand. But humanitarians have a number of particularities linked to their […]
Disaster Risk Financing could help to mitigate climate risk in Africa
Only three percent of losses caused by drought, floods and tropical cyclones have been insured on the African continent. This emerged at a recent DZ BANK Capital Markets Conference held in Berlin. Insured losses on the African continent are close to 97 percent, which means, at best, only three percent of losses caused by drought, floods […]
As reinsurance demand rises $5bn+, alternative capacity fills renewal gaps
The alternative capital markets, so insurance-linked securities (ILS) funds, ILS investors and other third-party capital sources, have played an important role at a mid-year reinsurance renewal that saw demand increase in a capacity constrained marketplace. Aon’s Reinsurance Solutions team explained that demand for reinsurance increased at the June and July renewal season. The broker estimates […]
