Jan Kellett, senior adviser, Finance Hub, United Nations Development Program, said large populations will be better served when insurers work with organizations and governments to tailor products to fill unmet needs.  

ORIGINAL PUBLICATION HERE. PDF VERSION HERE Excellent management of cyclone Fani by the eastern Indian state of Odisha has become a text book example of how to manage natural catastrophes although the government is now faced with the task of post-disaster reconstruction. With low insurance penetration, the question of using capital markets as a means […]

FULL ORIGINAL PUBLICATION HERE A magnitude 8.0 earthquake that struck Peru yesterday, Sunday 26th May, could trigger the IBRD CAR 120 catastrophe bond, which was part of the Pacific Alliance issuance, with the available data suggesting that a 30% loss of principal should be expected by investors in the cat bond. The magnitude 8.0 earthquake struck Peru […]

ORIGINAL PUBLICATION HERE Mitsui Sumitomo Insurance has raised its estimate of losses from Japanese typhoons that struck in 2018, which has driven the qualifying aggregate loss amount under the terms of its $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1) over the exhaustion point. As a result, it’s now expected that the $200 million of Akibare […]

ORIGINAL PUBLICATION HERE Florida based primary insurer Security First Insurance Company is set to be the beneficiary of the first full 144A catastrophe bond to be issued in Singapore, as a $100 million First Coast Re II Pte. Ltd. (Series 2019-1) transaction has now been priced and is set for completion. This will officially be the first […]

ORIGINAL PUBLICATION HERE The four Pacific Alliance countries, Chile, Colombia, Mexico and Peru, are beginning the work alongside the World Bank to identify potential solutions to help them transfer climate related natural disaster risks, including identifying whether further catastrophe bonds would be suitable. The Pacific Alliance trade bloc nations in Latin America currently benefit from a […]

ORIGINAL PUBLICATION HERE Discussion Paper for the High-Level Consultative Group (HLCG) This discussion paper is prepared by the Secretariat of the InsuResilience Global Partnership (“Partnership”) based upon a synthesis of evidence commissioned by members and initial consultations with members. Concessional Support for climate and disaster risk finance and insurance (“CDRFI”) is a complex, sensitive and […]

ORIGINAL PUBLICATION HERE With the growing use of data analytics in the digital age, the use of insurance products such as parametric insurance, is starting to grow around the world. And with the effects of climate change now a reality such policy options are becoming more attractive to people internationally in a wide range of sectors, from construction […]

ORIGINAL PUBLICATION HERE The countries and territories of the Western Balkans region are highly vulnerable to the majority of natural catastrophe events, underlining the need for increased awareness of the capabilities of various sources of risk financing, including the catastrophe bond and insurance-linked securities (ILS) space. International organisations, private sector companies and academia for countries […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Кабмин утвердил стратегию по снижению риска бедствий в Узбекистане, главная цель которой — защита населения и территорий от чрезвычайных ситуаций. Кабинет Министров 12 апреля утвердил стратегию достижения целей «Сендайской рамочной программы по снижению риска бедствий на 2015−2030 годы» и национальный план по ее реализации, сообщила Norma.uz. Цель стратегии — повышение эффективности реформ в сфере комплексной защиты населения и территорий от бедствий и существенное сокращение к 2030 году числа погибших и пострадавших, а также […]