Reinsurance Archives - ¾ÅÉ« Research https://www.carriermanagement.com/research/research-topics/reinsurance/ Insurance Whitepapers, Research, Webinars, Surveys Fri, 09 Dec 2022 17:34:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Climate Change and the (Re) Insurance Implications /research/research/climate-change-and-the-re-insurance-implications/ Mon, 17 Jun 2019 15:15:18 +0000 /research/?post_type=research&p=15934 This paper undertakes a comprehensive examination of Climate Change, with particular focus on the downstream consequences to the insurance industry. Co-authored by Traub Lieberman Straus & Shrewsberry LLP and Aspen Re, the paper takes a comprehensive look at the issues surrounding climate change, including the science, data, litigation, cost and examples of international and national … more

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]]> This paper undertakes a comprehensive examination of Climate Change, with particular focus on the downstream consequences to the insurance industry.

Co-authored by Traub Lieberman Straus & Shrewsberry LLP and Aspen Re, the paper takes a comprehensive look at the issues surrounding climate change, including the science, data, litigation, cost and examples of international and national action and insurance implications.

We thank Aspen Re for sharing this report with our audience.

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]]> CBO Report on National Flood Insurance Program Financial Soundness and Affordability /research/research/cbo-report-on-national-flood-insurance-program-financial-soundness-and-affordability/ Mon, 04 Sep 2017 22:26:07 +0000 /research/?post_type=research&p=14674 Congressional Budget Office analyzes National Flood Insurance Program’s overall revenues, costs and shortfall; coastal and inland counties’ payments vs. costs; and average flood policy premium and flood insurance costs to households. Research based on 5 million NFIP policies in effect Aug. 31, 2016.

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]]> Congressional Budget Office analyzes National Flood Insurance Program’s overall revenues, costs and shortfall; coastal and inland counties’ payments vs. costs; and average flood policy premium and flood insurance costs to households. Research based on 5 million NFIP policies in effect Aug. 31, 2016.

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]]> U.S. Fact Sheet on Covered Agreement with European Union /research/research/u-s-fact-sheet-on-covered-agreement-with-european-union/ Fri, 13 Jan 2017 17:42:16 +0000 /research/?post_type=research&p=10949 The United States has negotiated a Covered Agreement with the European Union (EU). The agreement covers three areas of insurance oversight: reinsurance, group supervision and the exchange of insurance information between regulators.

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]]> The United States has negotiated a Covered Agreement with the European Union (EU). The agreement covers three areas of insurance oversight: reinsurance, group supervision and the exchange of insurance information between regulators.

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]]> Why Convective Storm Models Are Unreliable /research/research/why-convective-storm-models-are-unreliable/ Fri, 28 Oct 2016 18:58:49 +0000 /research/?post_type=research&p=10896 Catastrophe model pioneer Karen Clark explains that catastrophe models for severe convective storms have existed for decades, but the model loss estimates lack credibility for most insurers. Here, Clark explains why and suggests a new modeling approach.

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]]> Catastrophe model pioneer Karen Clark explains that catastrophe models for severe convective storms have existed for decades, but the model loss estimates lack credibility for most insurers. Here, Clark explains why and suggests a new modeling approach.

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]]> Global Terrorism Index by the Institute for Economics and Peace /research/research/global-terrorism-index-by-the-institute-for-economics-and-peace/ Fri, 25 Mar 2016 15:59:40 +0000 /research/?post_type=research&p=10674 A comprehensive summary of the key global trends and patterns in terrorism over the last 15 years with a special emphasis on 2014 by the Institute for Economics and Peace, which has been collecting economic data on terrorist attacks since 1997. In 2014, acts of terror cost the world $52.9 billion, according to this November, … more

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]]> A comprehensive summary of the key global trends and patterns in terrorism over the last 15 years with a special emphasis on 2014 by the Institute for Economics and Peace, which has been collecting economic data on terrorist attacks since 1997. In 2014, acts of terror cost the world $52.9 billion, according to this November, 2015 report by the international group, which calculates the value of property damage and the cost of death and injury, including medical care costs and lost earnings. It doesn’t take into account the increased number of security guards, higher insurance premiums, or city gridlock in the aftermath of an assault.

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]]> Willis: Marketplace Realities 2016-Bringing the Pieces Together /research/research/10573/ Mon, 04 Jan 2016 22:11:24 +0000 /research/?post_type=research&p=10573 Commercial insurance rates will further soften while industry consolidation will present challenges to insurance buyers in 2016, predicts Willis Group Holdings plc. Consolidation among some of the largest insurance carriers is altering the marketplace, which means that insurance buyers, while still enjoying a buyer’s market, will face new choices and the strong possibility that more … more

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]]> Commercial insurance rates will further soften while industry consolidation will present challenges to insurance buyers in 2016, predicts Willis Group Holdings plc. Consolidation among some of the largest insurance carriers is altering the marketplace, which means that insurance buyers, while still enjoying a buyer’s market, will face new choices and the strong possibility that more consolidation and marketplace transformation lies ahead, according to Willis.

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]]> Aon Analytics: Homeowners Insurance Market Outlook /research/research/aon-analytics-homeowners-insurance-market-outlook/ Tue, 27 Oct 2015 15:13:27 +0000 /research/?post_type=research&p=10500 U.S. Homeowners Insurance Market Outlook Improves: Aon

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]]> The outlook for the U.S. homeowners market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. This new report by Aon Benfield Analytics reveals that insurers’ expected after-tax return-on-equity (ROE) for U.S. homeowners insurance business is 8.6 percent on a countrywide average, and 12.6 percent excluding the state of Florida, both of which are a 70 basis point improvement over last year. Aon identifies 36 states where the expected return will exceed 10 percent, enabling carriers to cover their cost of capital. It also identifies states that pose a challenge to home insurers.
In addition to a map showing prospective ROE by state, the report includes maps on 10-year and 5-year loss experience by state and the combined ratios needed in each state to achieve a 10 percent return on allocated capital, as well as rate changes and premium growth.

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]]> Federal Reinsurance for Terrorism Risk in 2015 and Beyond /research/research/federal-reinsurance-for-terrorism-risk-in-2015-and-beyond/ Thu, 11 Jun 2015 15:59:17 +0000 /research/?post_type=research&p=10338 What's Ahead for Terrorism Reinsurance? Options to consider: shift more risk to insurers, charge risk-based prices for the government’s support, and change the tax treatment of catastrophic reserves.

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]]> The reauthorization of the federal government’s terrorism risk insurance program in January 2015 helps ensure that private insurance for commercial property and casualty losses caused by terrorism remains widely available both before and after an attack. The Congressional Budget Office(CBO) projects that the insurance program will increase federal spending by $3.1 billion and boost net revenues by about $3.5 billion over the next 10 years on an expected-value basis, but those average amounts incorporate a wide and unevenly distributed set of possibilities. Before the program’s reauthorization in January 2015, CBO analyzed a variety of options for federal support of terrorism risk insurance.

This CBO working paper examines in more detail some options that might be considered in the future: shift more risk to insurers by raising their deductibles and copayments or by narrowing the scope of the program; strengthen policyholders’ incentives to mitigate losses by charging risk-based prices for the government’s support; and improve private insurers’ ability to offer coverage by changing the tax treatment of catastrophic reserves.

By David Torregrosa, Perry Beider and Susan Willie
Congressional Budget Office

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]]> U.S. Treasury Report: Global Reinsurance Plays Critical Role in Supporting Insurance in the U.S. /research/research/u-s-treasury-report-global-reinsurance-plays-critical-role-in-supporting-insurance-in-the-u-s/ Wed, 31 Dec 2014 16:35:39 +0000 /research/?post_type=research&p=10190 Global reinsurers are vital to U.S. insurers and thus important for the general economic prosperity of the United States.

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]]> The U.S. Department of the Treasury’s Federal Insurance Office (FIO) report is on the “Breadth and Scope of the Global Reinsurance Market and the Critical Role Such Market Plays in Supporting Insurance in the United States. The report emphasizes that global reinsurers are vital to U.S. insurers and thus important for the general economic prosperity of the United States, including through enhanced availability and affordability of insurance. The important role of global reinsurers may be most apparent following natural disasters and other catastrophes,according to the report.

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