Tag: 2021 natural catastrophes

Financial, Risk Management

Insured Losses for Australia’s October 2021 Storms Estimated at A$972M: PERILS

October 31, 2022

Via: Insurance Journal

Insured losses for the severe storms, which hit Southern Australia on Oct. 28-30, 2021, are estimated at A$972 million (US$623.1 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This fourth and final estimate dropped […]

Financial, Geo-Political, Risk Management

Reinsurance Price Increases Support Improving Outlook for Sector: Fitch

October 26, 2021

Via: Insurance Journal

Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and an improving sector outlook, according to Fitch Ratings. Fitch said it expects double-digit percentage premium rate rises for property catastrophe […]