Insurance Growth Report Balancing risk and reward 2020 - Part 1 / 3
The outlook for the insurance industry is finely balanced. The green shoots of market hardening that appeared in 2018 appear to have taken root in 2019.
Losses from natural catastrophes were down. And innovative technologies that promise benefits across the entire re/insurance value chain are maturing.
But challenges remain. Political and economic headwinds are strengthening. Growth forecasts are moderate at best. Loose monetary policy shows little sign of easing, maintaining pressure on investment returns. And the impact of climate change is increasingly obvious, making the risk outlook more difficult to predict.
Against this backdrop of increasing complexity, re/ insurance businesses around the world are looking to balance the risks they face by pursuing the right opportunities to deliver growth.
The Pandemic, Physical Damage, Business Interruption Losses and Reinsurance
How is your 2000 piece jigsaw puzzle progressing?
Coronavirus and physical damage
You may have seen reference ... Read More »
The potential for damage from fire or lack of maintenance can increase in mothballed or idle production facilities and industrial plants. Companies from the automotive, aviation or mechanical engineering ... Read More »
A contract whereby one party (the insurer), in return for consideration known as a premium, agrees to indemnify another party (the insured) against specified damage, loss or liability arising from the occurrence of specified risks or to compensate the insured or beneficiary upon the occurrence of a specified event.