News - Markets & trends

Swiss Re: Global insurance premium volumes will recover to pre COVID-19 crisis levels in 2021

The insurance industry is set to overcome this year's COVID-19-induced global economic recession, the latest Swiss Re Institute's sigma says, estimating that total premium volumes in advanced markets (life and non-life) will shrink by 4% this year and return to positive growth of more than 2% in 2021. In the emerging markets, premium growth will remain in positive territory in both years, up 1% in 2020 and 7% in 2021.

Allianz Global Insurance Report: 2020 will be "A Lost Year" for the global insurance industry, but 2021 may be the rebound year

Global premium income is expected to shrink by -3.8% in 2020 (life: -4.4%, P&C: -2.9%), three times the pace witnessed during the Global Financial Crisis, the Allianz Global Insurance Report latest edition shows. Compared to the pre-Covid-19 growth trend, the pandemic will shave around EUR 358 billion from the global premium pool (life: EUR 249 billion, P&C: EUR 109 billion)






WTW: 2 out of 3 big companies faced political risk losses in 2019

In a recent political risk report for the year 2019, Willis Towers Watson (WTW) and Oxford Analytica found that 61% of 41 global corporations believe political risk levels increased in 2019. Disruption of international trade was considered the most significant risk in the majority of regions.

MARKETS & TRENDS: "Climate of risk"- polish case study how to communicate the need of weather risk management and insurance

Has the global warming affected all weather phenomena in the world? Is it behind each storm or hurricane? That dispute is irrelevant to insurers. The changing climate does influence the insurance industry. We have to face a bigger exposure, bigger number of people and higher value of the property exposed to damage caused by weather phenomena. We have to educate people how climate risk affects their lives and property.





Guy Carpenter: IFRS 17 and the Value of Reinsurance

International Financial Reporting Standard (IFRS) 17 will impact the insurance value chain far beyond the areas of actuarial modeling and financial reporting, Vasilka BANGEOVA, Managing Director, Strategic Advisory, EMEA, Guy Carpenter, says.

The Four Waves of Insurtech

In a thorough analysis of the current Insurtech scenery, Roger PEVERELLI and Reggy de FENIKS, DIA founders, analyze the evolution of the companies activating in the field. The article, included below, presents a 'history' of the Insurtech start-ups, underlining the way things changed in a short period of time.

Pool Re: Only one in five UK businesses have a terrorism insurance policy

According to Pool Re, between February 1st, 2018 and May 31st, 2019 there were 323 terrorist acts causing 1,744 deaths and 2,335 injuries. The most affected regions were South Asia (118 attacks), Sub-Saharan Africa (100) and Middle East & North Africa (70). Europe (6 attacks) and Russia & CIS states (0 attacks) were the safest regions in this period.


Dan GLASER, Marsh & McLennan: "The Age of Risk has just begun"

"There is no better time to be in the risk business than right now," said Dan GLASER, President and Chief Executive Officer of Marsh & McLennan, in his opening address to delegates at the MMC Rising Professionals' Forum 2019 in London.

Insurance Europe: GDPR may hinder insurers' efforts in the digital innovation area

"Despite significant efforts to modernize privacy rules, the GDPR and the guidelines adopted by the European Data Protection Board (EDPB) are not entirely innovation-friendly or fit for a digital age. Certain rules seem at odds with fast evolving technology and may slow the pace of insurers' digital innovation," is one the conclusions of the insight briefing published by Insurance Europe.

UK: From 9% to 95% insurable households against floods

It is estimated that about 5.3 million households in the UK are at the risk of flooding. The resulted costs from this highly damaging natural hazard have made UK insurers unable to take the risk of vulnerable households without significant losses or without charging a very expensive insurance premium. There is a solution to this problem and it comes from Flood Re.


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