RISK RADAR · BUSINESS LINE
Property and catastrophe
Strategic risks that hit property and catastrophe: homes, commercial property, natural catastrophe, business interruption.
ARGUS’S READING Rising · Reported European weather-cover withdrawal adds insurability pressure, while French riots produce correlated claims.
Property and catastropheCasualty and liabilityMotorMarine, aviation and transportEnergy, engineering and constructionCredit, surety and political riskCyberAgricultureLife, annuities and pensionsHealth and medicalWhole industry
1–3 yrsClaims and pricing
COMMENTARY: Insurers are raising the alarm on growing climate risk. We need to listen ↗
Insurers warn climate risk is growing, pressuring property insurability and pricing.
NowClaims and pricing
California's fire year drove 28% of all US homeowners losses, and next commissioner inherits fallout ↗
Wildfire losses now dominate US homeowners claims, pressuring California property insurability and regulation.
1–3 yrsClaims and pricing
US property owners invest in resilience but insurers slow to recognise efforts ↗
Insurers lag in crediting property resilience, weakening pricing signals for climate-exposed homes and commercial buildings.
1–3 yrsClaims and pricing
Broker Q&A: will Victoria’s flood risk reform work? ↗
Victoria's floodplain building limits could shape where insured flood exposure grows, testing property underwriting.
NowClaims and pricing
Cost of claims for weather events more than doubles for many insurers ↗
Weather-event claim costs have more than doubled for many NZ insurers, signalling rising property catastrophe loss trends.
1–3 yrsClaims and pricing
Insurance boss wants creative solutions to fund managed retreat ↗
Calls for funding managed retreat signal hazard-exposed property may become uninsurable without new funding mechanisms.
NowClaims and pricing
Cat losses topped $100 billion six years running. Who checks the models? ↗
Catastrophe losses above $100bn for six straight years signal persistent severity growth for property underwriters and their models.
1–3 yrsBusiness model
Morocco targets regulatory framework for insurance securitization, including cat bonds ↗
Planned securitisation framework could add capital-markets capacity for catastrophe risk in Morocco.
NowBusiness model
Just 15.8% of Italian SMEs had mandatory nat cat cover in April: Moody’s ↗
Most Italian SMEs lack mandatory nat cat cover, widening the protection gap for property insurers.
1–3 yrsBusiness model
Bank of England warns climate risks could widen UK insurance gaps ↗
Regulator warns climate losses may leave UK protection gaps, challenging insurability of exposed property.
NowClaims and pricing
Florida Sues Climate Modeler First Street Over Home Risk Scores ↗
State action against climate risk scores could constrain how insurers price home climate exposure.
NowClaims and pricing
APAC P&C insurers face rising weather-related losses as natural catastrophes intensify and insured asset values grow. Moody’s says reinsurance, risk-based pricing, stricter underwriting and stronger capital buffers will be key to managing exposure. ↗
Rising weather losses across APAC signal growing catastrophe exposure for property insurers as insured values grow.
NowBusiness model
Market and buyers still adapting to Italian nat cat scheme ↗
Mandatory Italian nat cat cover creates new property demand and reshapes how insurers distribute and price cat risk.
NowClaims and pricing
French riots put property insurers’ SRCC exposure under scrutiny ↗
Strikes, riots and civil unrest exposure in France may need repricing for property insurers' SRCC cover.
1–3 yrsBusiness model
Why California Is Entertaining Disaster Insurance for All ↗
State-backed disaster cover for all could reshape California's private property market and cat pricing.
1–3 yrsBusiness model
EU Commission proposes climate resilience framework, highlights cat bonds & reinsurance ↗
EU climate resilience framework and insurance alliance may reshape protection-gap coverage and reinsurance demand.
NowClaims and pricing
India Braces for Cyclone as El Niño Upends Global Storm Seasons ↗
El Niño is shifting storm seasons, changing cyclone exposure timing for property insurers.
NowClaims and pricing
Modern warehouses test limits of fire protection ↗
Automated warehouses storing combustibles strain fire protection, raising potential property fire losses.
NowClaims and pricing
Civil Unrest in Europe Carries Implications For UK Insurers ↗
European civil unrest losses raise coverage questions for UK property insurers and policyholders.
NowClaims and pricing
Queensland disaster insurance claims top $11bn as planning policy faces overhaul ↗
Queensland disaster claims top $11bn, over half of national claims, pressing for hazard-focused planning.