insurance pool

A new proposal calling for a European natural catastrophe insurance pool to diversify risks across countries and perils could be further enhanced by the insurance-linked securities (ILS) market, according to the European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM).

Australia’s government is planning to introduce a reinsurance pool to cover cyclone and related flood risks, as a way to help the private industry provide more affordable property insurance to those in the path of tropical cyclones in the north of the country.

Swiss Re proposed that Azerbaijan use parametric triggers for catastrophe insurance, to provide disaster recovery funding, as well as the establishment of a reinsurance pool to help to lower reinsurance coverage costs, at a meeting held in Baku.

Countries in Asia have been discussing the possibility of creating a disaster and catastrophe insurance pool for the region for a number of years. One of the leading voices has been the Philippines, as a country particularly exposed to climate, weather and natural disasters, who have been investigating possible solutions and looking into alternatives such […]

There’s a very interesting article on the Insurance Day website in which they quote from Willis Chairman and CEO Joe Plumeri’s recent speech at the Insurance Day Summit Bermuda event. In his speech, which you can read in full on the Willis website, Plumeri highlighted the dire financial state of the U.S. federal governments finances […]

A recent event held in central Asia, the Azerbaijan International Forum dedicated to Catastrophe Risks and Construction Safety which is an event assisted by the UN Economic Commission, saw delegates discussing measures to deal with catastrophe risks. The Central Asian and Caucasus countries are amongst the most exposed to catastrophe risks globally.