The increasing losses from severe thunderstormswhich include hail, heavy rains and flash flooding, tornadoes, thunder and lightningare a growing challenge for society and insurers alike.
Fewif anyindustries would seem to face a greater existential threat from the effects of climate change than insurance. As flood waters rise, as hurricanes and tornadoes grow more intense and as droughts last longer, trillions of dollars of insured assets are at risk. In the ugliest scenario imaginable, even the...
Insurance companies are housed in some of the most stunning examples of corporate architecture. From striking futuristic and eco-friendly designs to classic and iconic structures, these headquarters in many cases reflect the characteristics of the carriers themselves.
Property and casualty insurers are in a better position to deal with declining interest rates than their life insurance counter-parts because yearly renewal rates can be adjusted to compensate for their decline in earnings, a recent report from Swiss Re says.