Munich Re, the worlds largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the companys ability to meet its full-year earnings target.
Contractual risk transfer identifies critical exposures and assigns responsibility for preventing and paying for losses but its not always an easy process.
Insurers having a hard time figuring out how to underwrite and price cyber risks should consider new approaches to adapt to a constantly evolving exposure, a new report by Deloitte suggests.