RISK RADAR · THEME
Climate and nature
Rising frequency or severity of perils, secondary perils (flood, hail, wildfire, heat), the protection gap and insurability, retreat from markets, climate litigation, transition risk to investments, biodiversity loss.
ARGUS’S READING Steady · Reported European coverage withdrawal sustains property insurability pressure; this week does not establish a change in physical peril trends.
AI and technologyClimate and natureGeopolitics, conflict and tradeCyberEnergy and the transitionSocial and legalFinancial and macroHealth, pandemics and longevityNatural resources and foodUnder the radar
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.
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
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.
NowClaims and pricing
Sigma 1/2025: Natural catastrophes: insured losses on trend to USD 145 billion in 2025 ↗
Insured natural catastrophe losses are tracking toward USD 145 billion, a rising loss trend for property catastrophe writers.
1–3 yrsBusiness model
Commissioner Lara and Assemblymember Calderon announce legislation transforming the California FAIR Plan ↗
Transforming the California FAIR Plan changes residual wildfire property market obligations for insurers.
NowClaims and pricing
Commissioner Lara protects nearly 150,000 Californians in Kern, Santa Barbara, San Luis Obispo and Ventura counties from non-renewals following Gifford Fire ↗
Non-renewals covering nearly 150,000 Californians after a fire signal insurers retreating from wildfire-exposed property.