1. What If We Applied the Urgency of Solving COVID to Climate Change? Our response to rising global temperatures has lacked the kind of urgency that pushed governments and the scientific community to develop not one, but several vaccines only a year after the first case of COVID-19 was diagnosed.
2. OmniCAT® Risk Score: Severe Thunderstorm Risk Magnitude Index (SToRMi): Over the last decade, a noteworthy increase in the frequency and severity of severe thunderstorm losses across the central and eastern United States has created a lack of profitability for carriers exposed to these perils.
3. April 2021 Reinsurance Renewals; Japan: At the April 1 reinsurance renewals, property catastrophe pricing increased for the third year in a row. Following the first loss-free year since 2018, there was some consolation for buyers in that the average increase was the lowest of the past three years.
4. Four Steps to Building a COVID-19 Vaccination Strategy: To have a positive impact and manage ongoing risk, employers need a vaccination strategy that anticipates and plans for the business issues that are likely to arise. Many have already started.
5. CAT-i Bulletin; Mw 7.1 Fukushima Earthquake, Japan February 13: The United States Geological Survey reported the epicenter to be 96.6 km southeast of Sendai, Japan at a depth 49.9 km.
6. Climate Change Is a Health Crisis. How Can Health Care and Life Sciences Respond? It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms.
7. Accessing Capacity for Community-Based Catastrophe Insurance Programs: Community-based catastrophe insurance (CBCI) solutions have the potential to enhance the financial resilience of communities and their residents, provide affordable and reliably available disaster insurance, and create incentives for community-level and individual risk reduction.
8. CAT-i Bulletin: Severe Hail Activity – U.S. Southern Plains April 28: Significant hail of two inches diameter or more was reported, especially in Texas and Oklahoma, with some reports of destructive hail of up to four inches diameter. Impacts are apparent in the areas of San Antonio, Dallas-Fort Worth and Oklahoma City. The activity was initiated in an environment of warm, moist, unstable air with ample wind shear along a frontal boundary slowly crossing the area.
9. Global Insurance Markets: Pricing Increases Moderate in First Quarter: Global commercial insurance prices increased 18 percent in the first quarter of 2021. The quarter is the first to show a fall in the average rate of increase since the first rise in global rates in the fourth quarter of 2017. It follows year-on-year average increases of 22 percent in the fourth quarter and 20 percent in the third quarter of 2020.
10. Chart; Guy Carpenter Global Property Catastrophe Rate On Line Index – 1990 to 2021: The Guy Carpenter Global Property Catastrophe ROL index was up 4.5 percent year on year, at January 1.