flood

For the first time the insurance and reinsurance industry can map all their flood exposures for 168 countries, giving them a single, consistent view of all their global flood risks, thanks to a partnership between JBA Risk Management and ImageCat.

Two investment managers of reinsurance-linked investment funds have announced that while the recent flooding in Europe could become one of the most expensive insured loss events in the region, they do not expect it to have any impact on the performance of their funds, at this time.

An announcement this morning from Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance data and loss indices, suggests that it may not be too much longer before we see a catastrophe bond featuring Italian earthquake risk. The catastrophe insurance data provider has extended its coverage to Italy and in a first […]

Zurich based PERILS AG, the independent provider of industry-wide European catastrophe insurance data and loss indices, has announced the release of a 2013 update to its PERILS Europe Industry Exposure Database. The database contains updated European windstorm property exposure information as well as property sums insured exposed to UK flood.

PERILS AG, the Zurich-based independent provider of industry-wide European catastrophe insurance data and loss indices, has announced a new initiative which will see PERILS team up with the European Space Agency (ESA) to make available satellite-based flood footprint imagery during and after major European flood events.

While the U.S. east coast has been experiencing temperatures much higher than normal, severe storms have caused damage in Virginia, wildfires raged in Colorado and drought struck other areas of the U.S., the UK has been experiencing the wettest start to summer in many years. Breaking climate records seems to be a regular thing around […]

Lack of investment in coast defences combined with a changing climate means that the average annual cost of flooding in England and Wales has risen to £1 billion according to a report referenced in the Independent newspaper. Over the next 30 years the cost of flood events in the UK will continue to rise as […]

Given the extent of the losses experienced from last years flooding in Thailand the country can no longer be considered catastrophe-remote said ratings agency Standard & Poor’s in a report published last week. That’s a pretty big deal as it shows the increasing influence that Asian markets are destined to have on the insurance and […]

Important news this morning from PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices for insurance-linked security and industry-loss warranty transactions, who have announced that they are expanding their services to include coverage for a new class of risk, UK flood. The addition of inland flooding for the UK […]

Estimates for the insured loss total from the flooding in Thailand are still confused and it’s likely to be some time before an accurate figure can be quoted. It seems that the figure we quoted of a $20 billion insured loss from a report by A.M. Best is likely to be too high, but other […]