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Catastrophe models a tool, not the whole answer: Roundtable
29th October 2019
An over-reliance of catastrophe model data could be generating some dramatic learning experiences for industry participants, according to key executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous roundtable. Swiss Re’s Head of Property & Specialty Underwriting, Mike Mitchell, described what he considered a “somewhat slavish enthrallment to ... Read the full article
Cali quake losses expected to be insignificant, damage less than initially feared
8th July 2019
Analysts at Credit Suisse expect the insurance industry loss from the recent earthquakes that struck Southern California to be less than $500 million, with emergency officials reportedly stating that the damage is less considerable than initially feared. The Ridgecrest City area of the state was hit by a magnitude 6.4 quake ... Read the full article
Strongest earthquake in 20 years hits southern California
5th July 2019
California experienced its strongest earthquake in two decades on Thursday after a magnitude 6.4 quake struck near the town of Ridgecrest in Kern County. There are reports of “significant damage” to the city, which is home to nearly 30,000 people, with cracked roads, felled power lines, and broken walls and windows ... Read the full article
Lloyd’s Lab reveals second cohort of insurtechs
26th April 2019
Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market last year, has revealed the second cohort of insurtechs to be selected for its 10-week program. As with the first cohort, which commenced in October 2018, 10 teams of insurtech start-ups have been chosen to develop technology driven products and processes ... Read the full article
Sicily rocked by earthquake following Mount Etna eruption
28th December 2018
An earthquake triggered by the ongoing eruption of Mount Etna has rocked eastern Sicily, injuring at least ten people, damaging churches and houses on the volcano's slopes, and forcing villagers to flee their homes. Italy's Civil Protection officials said the quake, which hit at 3.19am local time on Wednesday, was part ... Read the full article
Aon catastrophe report highlights protection gap in Asia
20th September 2018
Figures from the latest iteration of Aon’s monthly Global Catastrophe recap report have highlighted the scale of Asia’s protection gap following the severe flood and earthquake events in India and Indonesia respectively. The report states that the Kerala state in India was hit by its worst flooding in over 90 years, ... Read the full article
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