Reinsurance News
protection gap
Addressing widening protection gaps with public-private insurance programmes: GA
6th February 2026
With disaster risks accelerating faster than societies can adapt and protection gaps widening, well-designed public-private insurance programmes (PPIPs) aligned with national resilience strategies can strengthen risk reduction, according to a recent report by the Geneva Association. The report highlighted that natural and man-made disasters are becoming more frequent, more costly, and ... Read the full article
WWF warns nature loss is widening protection gap in advanced economies
19th January 2026
The World Wide Fund for Nature (WWF), an international conservation organisation working on environmental protection and sustainable development, has published a new white paper titled “Tackling the Insurance Protection Gap: leveraging climate and nature to increase resilience”. According to WWF, the paper warns that degrading ecosystems are increasing climate-related risks and ... Read the full article
Swiss Re’s Amitabha Ray on tackling Asia’s protection gap and emerging risks in 2026
17th December 2025
In a recent Reinsurance News interview, Amitabha Ray, Chief Executive Officer of Swiss Re India branch, shared his insights on the evolving landscape for reinsurance in 2026, with a particular focus on the Indian and broader Asia Pacific markets. As the global reinsurance market looks toward 2026, resilience continues to define ... Read the full article
Q3’25 insured losses lowest since 2006 as protection gap narrows: Aon
16th October 2025
According to Aon’s Q3 2025 global catastrophe report, insured losses totalled $12 billion for the quarter, 72% below the century average and the lowest since 2006, while year-to-date losses reached $114 billion, 37% above the century average, driven by 22 billion-dollar insured loss events. Aon said global economic losses reached $34 ... Read the full article
Brokers urge industry collaboration to close non-standard insurance protection gap
15th October 2025
With surging demand for non-standard insurance, brokers are urging industry collaboration, warning that the gap in coverage is widening, according to a recent survey by Prestige Underwriting. The survey found that 79% of brokers have reported an increase in non-standard insurance enquiries over the past year, which indicated a growing number ... Read the full article
Re/insurance is at the heart of Sustainable Development Goals: GIC Re’s Hitesh Joshi
9th October 2025
Delivering a keynote speech at the 29th Federation of the Afro-Asian Insurers & Reinsurers (FAIR) General Assembly in Mumbai, India, earlier this week, Hitesh R. Joshi, Executive Director at Indian reinsurance company GIC Re, said that re/insurance is key to the UN's Sustainable Development Goals (SDGs) as he underlined the ... Read the full article
Specialty brokers central to help close protection gap but face constraints: LIIBA
8th October 2025
Specialty brokers are “central to closing the innovation gap,” which is driving a widening protection gap, but their ability to innovate could be constrained without more support from regulators, governments, and the wider market, a report published by the London & International Insurance Brokers’ Association (LIIBA) warns. The insurance protection gap ... Read the full article
North America reinsurance market ‘looks healthy and balanced,’ says AXA XL Re’s Schiffer
6th October 2025
In a recent interview with Reinsurance News, Greg Schiffer, CEO of North America Reinsurance at AXA XL Re, shared his perspectives on the sustainability of current market conditions in the region and what lies ahead. We spoke with Schiffer, who joined AXA XL Re from Swiss Re in October 2024, around ... Read the full article
Innovation and technology key to narrowing protection gap: Henchoz at PwC RVS event
8th September 2025
Innovation, technology, and a culture of experimentation are essential for the reinsurance industry to close the protection gap, said Jean-Jacques Henchoz, Chairman of the Board at BMS Group and former Hannover Re CEO, speaking at PwC’s annual breakfast briefing during this year’s RVS in Monte Carlo. Despite industry efforts to narrow ... Read the full article
Pool Re targets ‘perception gap’ with Treaty reforms to expand terrorism cover
5th September 2025
Only around 4% of UK SMEs currently buy terrorism insurance, a shortfall Pool Re attributes as much to a “perception gap” as to cost, with many businesses unaware that terrorism risks are excluded from standard policies, prompting a Treaty overhaul designed to embed cover more seamlessly and boost take-up while ... Read the full article
Multi-stakeholder approach key to narrowing nat cat protection gap: G20 South Africa side event
18th July 2025
Addressing the widening natural catastrophe insurance protection gap requires a multi-stakeholder approach, including public-private partnerships, investments in risk reduction and resilience, and innovative insurance solutions, according to keynote speakers at a G20 South Africa side event in Durban. The protection gap poses a global challenge, affecting both advanced and emerging market ... Read the full article
Insurance protection gap widens as flood risk accelerates in Texas: Neptune
23rd May 2025
Increased flood vulnerability in Texas has revealed a widening insurance gap that threatens to increase the financial loss of future flood events, a new report from the Neptune Research Group has revealed. Experts predict that over the next three decades, over 2.1 million properties will face flood exposure, and over 200,000 ... Read the full article
Personal cyber insurance protection gap growing: Triple-I and HSB
28th March 2025
Despite a large number of consumers being routinely victims of cybercrime, most of them do not have personal cyber insurance, according to a recent report by the Insurance Information Institute (Triple-I) and HSB. The Addressing the Personal Cyber Protection Gap report captures the results of their recent survey of insurance agents ... Read the full article
Deadly earthquake strikes Myanmar, triggering widespread devastation
28th March 2025
A powerful 7.7 magnitude earthquake has struck Myanmar, causing widespread devastation, triggering tremors as far as Bangkok, Thailand, leading to building collapses, significant loss of life, and prompting Myanmar to declare a state of emergency. Myanmar's state media has reported that buildings have collapsed in at least five cities and towns. ... Read the full article
88% protection gap persists despite growth in microinsurance coverage: MiN
7th March 2025
Despite strong growth in microinsurance, an 88% protection gap remains, with 9 out of 10 people globally remaining unprotected from rising risks - including climate change, health crises, disasters, conflict, and nature loss - according to a recent report by the Microinsurance Network (MiN). The Landscape of Microinsurance 2024’ report, done ... Read the full article
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