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
NowClaims and pricing
I work for a major insurer. Much of my industry is fudging the numbers in the face of the climate crisis | Anonymous ↗
Allegation that insurers understate climate losses would distort pricing and reserves for property writers.
NowClaims and pricing
California FAIR Plan rates jump nearly 30% as homeowners seek wildfire insurance alternatives ↗
Wildfire-exposed homeowners are turning to California's FAIR Plan, a sign private property cover is retreating.
NowClaims and pricing
TMK Takes a Deep Dive into Claims Across Asia-Pacific Region ↗
APAC claims increasingly driven by downtime and supply-chain dependencies, a rising loss trend for property and BI writers.
NowClaims and pricing
Clients want more natural hazard advice as cover gets harder to place, IBANZ finds ↗
Natural hazard cover is getting harder to place, signalling tightening insurability for property writers.
1–3 yrsClaims and pricing
Building tomorrow's infrastructure: CAR considerations when damage, delay and demand collide ↗
Data centre build-out outpaces construction wordings and underwriting, making construction-all-risks exposures harder to price.
NowClaims and pricing
Business Interruption Claims Approach $1M Average, Says Allianz ↗
Average business interruption claim nears $1m as catastrophes and supply chains drive severity for property writers.
NowClaims and pricing
Insurers pull back as climate change-related losses mount ↗
Insurers withdrawing climate cover and possibly underestimating losses signal shrinking insurability of climate perils in Europe.
NowClaims and pricing
European insurers face mounting extreme weather costs ↗
Rising European wildfire and hail losses signal a growing secondary-peril cost burden for property insurers.
NowClaims and pricing
Aon and EBRD expand Ukraine war risk facility to €150m as MS Amlin raises its share
A public-private backstop is expanding war reinsurance for Ukraine, keeping war-exposed property insurable.
1–3 yrsClaims and pricing
Atrium says top 20 chipmakers now hold $529bn of plant and stock, and insured values may lag
Chipmaker asset values have grown far faster than insured values, leaving property cover possibly short.
NowBusiness model
Australian court fines Hollard A$2m in the first good-faith penalty against an insurer
First civil penalty for breaching good faith sets a precedent on how insurers must handle claims.
NowClaims and pricing
Allianz Commercial: average business interruption claim now exceeds €850,000, about 70% more than the property damage
Business interruption claims now average over €850,000 and are growing fast, about 70% above related property damage.