Nine out of ten companies have suffered a political risk loss in the past year, transforming political risk from a low frequency, high severity peril into “everyone’s risk,” according to “How Are Global Businesses Managing Today’s Political Risks,” a new report by WTW.
Tag: inflation
Banking Risks, Inflation, Interest Rates Create Headwinds for Global Economy: IMF
According to the International Monetary Fund (IMF), global economic growth is slowing as a result of the volatile banking sector, high inflation, and rising interest rates.
P/C Insurers Facing Hardest Market in a Generation: APCIA
The APCIA and University of South Carolina Associate Professor Robert Hartwig examine the top inflation trends, natural disaster losses and financial impacts resulting in significant pressure for property insurers, reinsurers, and consumers.
U.S. Insurers Expected to Increase Investment Risk Tolerance Amid Concerns of Higher Volatility and Inflation
U.S. insurers are expected to increase their risk tolerance and grow portfolio allocations to private assets amid their concerns about higher market volatility and inflation.
Record-High Wage Gains for Employees Staying on the Job Contribute to Inflation
Workers who stay put are receiving the largest pay raises in decades, putting pressure on inflation.
Swiss Re: Cost to Provide Reinsurance Capacity Could Rise in 2023
Rising claims inflation, compounded by reinsurance capacity demand-supply mismatch in a rising interest rate environment, could contribute to an increase in the cost of providing insurance capacity in 2023 and beyond.
Prudential Suffers Big Loss on Rising Rates, AIG Reports Ian Losses
Rising interest rates and volatile stock markets hurt insurer Prudential Financial Inc. while AIG was hit with Hurricane Ian claims in third quarter.
Global Reinsurers See Inflation, Russia-Ukraine War Driving Higher Rates
Top reinsurers said at the industry’s annual meeting in Monte Carlo that global geopolitical tensions, high inflation, and climate change have increased demand for risk protection and will result in higher premiums. Reinsurers insure insurers and have raised premiums in recent years in response to higher losses. “On top of the effects of COVID-19 and… Continue reading Global Reinsurers See Inflation, Russia-Ukraine War Driving Higher Rates
Geopolitical Tensions, Climate Change, Inflationary Pressures Increasing Exposures, Reshaping Insurance
Global geopolitical tensions, macroeconomic developments, and climate change increase demand for risk management. The re/insurance industry must prioritize modeling and contract certainty to ensure pricing is appropriate for the risks assumed, thereby increasing capacity. Swiss Re supports clients with its risk knowledge, capital strength and innovative solutions. Ahead of the Rendez-Vous de Septembre 2022, Swiss… Continue reading Geopolitical Tensions, Climate Change, Inflationary Pressures Increasing Exposures, Reshaping Insurance
Beazley: Inflation Worries Businesses and Their Insurers
The war in Ukraine has rapidly disrupted global trade in key commodities like grain, oil and gas, exacerbating an existing background of energy shortages and rising costs. It is therefore not surprising that our latest Risk and Resilience survey shows inflation, in particular, is one of the key factors worrying business leaders, nor that they… Continue reading Beazley: Inflation Worries Businesses and Their Insurers