Brind.
  1. Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.
  2. Catastrophe losses are rising sharply and pricing is softening, leading to a market decline in the business insurance sector.

Catastrophe losses are clustering in time and space, challenging the premise of risk diversification within the global reinsurance industry.

1 report, 1 independent Updated Jul 1
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Catastrophe losses are clustering in time and space, challenging the premise of risk diversification within the global reinsurance industry.

How it developed

Newest first. Tap a step to see who reported it.
  1. RiskInsight 4.16 offers advanced catastrophe models relevant to the global reinsurance industry's challenges.Sub-event
  2. Swiss Re presented findings at an industry meeting, using Maria, Harvey, and Irma as examples of cluster risk.Sub-event
  3. Losses are clustering in time and space, challenging risk diversification premises.1 source

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Catastrophe losses are rising sharply and pricing is softening, leading to a market decline in the business insurance sector. All 2 developments

Within Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.

Coverage

Newest first; wire copies grouped