Eighth Annual International Risk Management Conference in Kazakhstan
Eurasia Insurance Company is organising and sponsoring the Eighth Annual International Risk Management Conference, to be held on 19-20 April 2012 in Almaty (Kazakhstan).Â
Munich Re posts 0.71bn profit for challenging year 2011 Stable dividend
The year 2011 was marked by a series of severe earthquakes and many weather-related catastrophes. Thus Munich Re estimates its claims costs from the earthquakes in Japan and New Zealand…
Costa Concordia the luxury liner was insured for $512 million
Carnival Corp.’s sunken cruise ship, the Costa Concordia, was insured by companies including Assicurazioni Generali SpA (G), RSA Insurance Group Plc (RSA) and XL Group Plc (XL), said three people…
Swiss Re’s appoints new Group Chief Executive Officer & new CEO Reinsurance Asia
Swiss Re's Board of Directors appoints Michel M. Liès, currently Chairman Global Partnerships at Swiss Re, as new Group Chief Executive Officer as of 1 February 2012. Michel M. Liès…
New Swiss Re report reveals low earthquake insurance penetration globally, even in countries with high seismic risk
According to Swiss Re’s latest expertise publication “Lessons from recent major earthquakesâ€, several big Earthquakes resulted in a devastating number of fatalities and injuries and have caused widespread property damage…
Economic imbalances and social inequality risk reversing the gains of globalization – World Economic Forum
The world’s vulnerability to further economic shocks and social upheaval risk undermining the progress that globalization has brought, warns the World Economic Forum in its Global Risks 2012 report, the…
Review of natural catastrophes in 2011: Munich Re
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses.
New Swiss Re sigma study explores insurance growth drivers and profitability in emerging markets
Insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising. Nonetheless, given the expectation of persistent low interest rates…
Is curve fitting the right approach for Solvency Capital Requirement ? – Algorithmics weighs up the pros and cons
One of the major challenges facing European insurers in the lead up to Solvency II is how to report their solvency capital numbers to regulators more frequently, in more detail…
Natural catastrophes and man-made disasters caused insurers USD 108 billion loss
According to preliminary estimates from Swiss Re’s sigma team, total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached USD 108 billion in 2011.