86% of catastrophe and natural disaster losses in APAC uninsured in 2022: Aon
Insurance and reinsurance broker Aon’s recently published Weather, Climate and Catastrophe Report: Asia Pacific Insights, identifies global natural disaster and climate trends in the region, highlighting a large protection gap in the region. The report reveals that natural disasters in the Asia Pacific (APAC) region in 2022 caused $80 billion in economic losses, of which […]
Alternative reinsurance capital grows to new $100bn high: Aon
According to the latest data from insurance and reinsurance broker Aon, alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, has resumed growth and reached a new high of $100 billion. The catastrophe bond market has been the main contributor to insurance-linked securities (ILS) market growth through the start of 2023, the broker explained. […]
86% of catastrophe and natural disaster losses in APAC uninsured in 2022: Aon
Insurance and reinsurance broker Aon’s recently published Weather, Climate and Catastrophe Report: Asia Pacific Insights, identifies global natural disaster and climate trends in the region, highlighting a large protection gap in the region. The report reveals that natural disasters in the Asia Pacific (APAC) region in 2022 caused $80 billion in economic losses, of which […]
European cat bond grant proposals set to be welcomed?
As we reported back in April, the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) have highlighted the use of catastrophe bonds as critical to support the supply of catastrophe insurance and reinsurance across the region, while also proposing issuance is brought closer to home. While traditional insurance and reinsurance solutions, […]
