Chart: Evolution of Market Price, Capacity, Limit for Terror Pools: Chart shows the evolution of international reinsurance market price, capacity and limit for terror pools from 2009 to 2014.
Emerging Risks: Modeling Considerations Moving Forward: Technological progress is accelerating at a rapid pace and with it are the risks and opportunities that accompany those changes in many different segments of our economy.
Chart: Percentage of Insured Versus Uninsured Natural Catastrophes (2000 To 2015): Chart shows the global percentage of insured natural catastrophe loss versus uninsured natural catastrophe loss for the period 2000 to 2015.
Chart: Regional Property Catastrophe ROL Index, 1990 to 2016: The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.
Bluecut And Clayton Wildfires, California: The Bluecut and Clayton fires have caused significant impacts to affected areas and pose an ongoing serious threat to life and property. No serious injuries or deaths have been reported, however, the fires have destroyed multiple structures.
And, You May Have Missed…
Tracking and Modeling New Integrated, Intricate Technology Risks: Casualty (re)insurers do not cover standalone emerging risks. A product defect (with recall) or a latent bodily injury resulting from new technological nano-products or Unmanned Aerial Systems risks, could lead to class action lawsuits and ultimately large liability claims including products liability as well as professional liability. This emergent reality, however, is difficult to address. A carrier would need to identify and model several possible epicenters of a liability chain reaction and follow their rapidly spreading implications throughout a portfolio.