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Category: Geo-Political


Geo-Political, Risk Management

Flood resilience and prevention need to achieve better outcomes: Zurich

June 30, 2022

Via: Reinsurance News

Imprecise forecast and modelling, “flood dementia”, and inadequate early warning systems are some of the issues to be addressed to improve flood resilience and prevention, according to Zurich. Last year, the extreme weather event “Bernd” caused great human suffering, and […]


Geo-Political, Risk Management

Carlyle Unit Assumes Full Risks of Operating Gas Field as Insurers Shun Black Sea

June 29, 2022

Via: Insurance Journal

A unit of Carlyle International Energy Partners LP has assumed the full risks of operating a new gas field in the Romanian waters of the Black Sea as insurers shun the zone because of its proximity to the war in […]


Geo-Political, Risk Management

China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

June 28, 2022

Via: Insurance Journal

China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, […]


Geo-Political, Risk Management

G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions

June 27, 2022

Via: Insurance Journal

Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according to people familiar with the matter. The potential mechanism would only allow the transportation of […]


Geo-Political, Risk Management

Green transition will drive up inflation – but less than unchecked climate change

June 20, 2022

Via: Reinsurance News

The “green transition” to renewable energy is expected to create inflationary pressure over the next decade. And the faster renewables are adopted, the worse this problem is expected to become in the medium term. However, according to a new forecast […]


Geo-Political, Risk Management

Inflation and geopolitical risks increasing concern for business owners, says Beazley

June 15, 2022

Via: Reinsurance News

A new report from Beazley outlines how business leaders are fearing the consequences of war and inflation. The report, Spotlight on Geopolitical Risks, shows that US and UK business leaders feel able to manage current geopolitical risks, even as concerns […]


Geo-Political, Risk Management

Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC

June 14, 2022

Via: Insurance Journal

Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions have hit insurance cover for ships to transport crude, according to India’s ONGC Videsh, a stakeholder. ONGC Videsh, the overseas […]


Geo-Political, Risk Management

PERILS revises industry loss estimate for Eastern Australia flooding

June 9, 2022

Via: Reinsurance News

PERILS says that its industry loss estimate for the Eastern Australia floods earlier this year now stands at AUD $4,895m. It said that in line with its event definition, the loss number covers the property and motor hull lines of […]


Geo-Political, Risk Management

Well above-average 2022 Atlantic hurricane season forecast by CSU

June 7, 2022

Via: Artemis BM

Colorado State University’s tropical meteorology team led by Phil Klotzbach has increased its forecast for activity in the 2022 Atlantic hurricane season, saying they now anticipate a “well above-average” hurricane season ahead also raising its landfall probability forecasts. “We have […]


Geo-Political, Risk Management

Lloyd’s Is Working With UK, Global Regulators to Implement Russia Sanctions

June 1, 2022

Via: Insurance Journal

Lloyd’s of London, the world’s oldest insurance market, said on Wednesday that it was working closely with British and international governments and regulators to implement global sanctions against Russia. “Lloyd’s supports and remains focused on the delivery of a global […]