Hurricane losses in 2017 have served as a wake-up call to a (re)insurance market which has not seen a season with multiple landfalling events for 12 years.
Hurricane's widespread damage in Puerto Rico has presented loss adjusters with logistical challenges when assessing claims from the eventui
Hurricane Maria: Understanding the impact to your business
With modelled loss estimates suggesting an industry impact of anywhere between $15bn and $85bn for Hurricane Maria, 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
Disclosures to date have not got near projected modelled estimates for recent catastrophe events, but senior industry figures are suggesting losses will continue to grow in the coming quarters
Total now includes expected $900m impact of Hurricane Maria after estimate for Harvey and Irma reduced by 10% to $3.9bn
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?
Broking group reports 'pleasing' trading performance
Re/insurer expects to report profit for 2017
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
Validus chief points to opportunities for the group’s insurance-linked securities fund manager
The size of the trapped collateral could raise doubts about investors’ willingness to commit more capital to the market
Latest From Hurricane Season
Underwriters have to plan for 2018 lacking crucial information
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