Former Hurricane Ophelia, now a post-tropical cyclone, remains on course for Ireland this morning, where it is expected to bring hurricane-force winds
Hurricane Maria: Understanding the impact to your business
This year’s hurricane season has been one of the costliest on record for (re)insurers, and major uncertainty remains as to the ultimate cost to the sector.
With modelled loss estimates suggesting an industry impact of anywhere between $15bn and $85bn for Hurricane Maria, the industry is facing several challenges in calculating its exposure to the event.
Insurance Day’s analysis helps you understand the drivers between such a large range in loss estimates.
Assessments how much of Puerto Rico was impacted by Maria’s maximum winds and the resulting expectations of levels of damage to industrial facilities are at the heart of differences between the two loss projections
Latest Articles on Hurricane Season
Claims impact and Loss Assessment
(Re)insurers have faced major challenges in calculating exposures from these events, compounded by differing views from catastrophe modelling firms as to the ultimate industry cost.
Modelled Loss Estimates
Clarity as to the full extent of insured losses from Hurricane Maria will take some time to emerge
Loss estimate at odds with AIR Worldwide projection
Losses within expectations, says co-chief executive
Spotlight falls again on long-term cat profitability
Market implications and opportunities
With 2017 set to become one of the largest loss years on record, Insurance Day examines the likely impact on market conditions
Will the market turn?
Senior re/insurance executives lay the ground for multi-class rates increase following this year's devastating hurricane season
Executives are already considering how strategies may change following this year's devastating hurricane season
The 2017 hurricane season has presented the biggest challenge yet for the insurance-linked securities sector, but may also open up new opportunities
ILS market impact and opportunities
The size of the trapped collateral could raise doubts about investors’ willingness to commit more capital to the market
Investors in insurance-linked securities will have big decisions to make in the wake of Hurricanes Harvey and Irma
The loss adjusting community is at the heart of the industry's first response following major disasters such as Hurricanes Harvey, Irma and Maria. Kenneth Tolson, chief executive of US property and casualty at Crawford & Company, speaks to Insurance Day about some of the challenges emerging in the wake of the three devastating storms
This year’s disasters will put reinsurers’ capital, modelling and underwriting prudence fully to the test after several years of respite
Lloyd’s has suspended the distribution of profits by syndicates as it assesses the impact of this year’s devastating hurricanes.
The corporation disclosed today early preliminary loss estimates of $4.5bn for Hurricanes Harvey and Irma.
Lloyd’s is still assessing the impact of Hurricane Maria, but analysts suggested the scale of this year’s catastrophe losses could hit the market's capital levels.
With the glaring exception of the NFIP, residual schemes in the US have enhanced their ability to absorb catastrophe losses, but further reform is needed
Latest From Hurricane Season
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