The landscape of event insurance is undergoing significant shifts as organizers continue to grapple with an array of challenges and complexities. Event insurance costs have surged due to increasing security threats, new legislative requirements, and climate change impacts. This scenario presents a
In recent years, global financial markets have witnessed increased scrutiny of various sectors for potential systemic risks, with the insurance industry under particular observation. Bermuda's long-term (re)insurance sector, a significant player on the global stage, has been the subject of a report
As catastrophic events become more frequent and severe, the property insurance industry faces unprecedented challenges necessitating significant adjustments to traditional strategies. Hurricanes, wildfires, and unexpected weather phenomena are increasingly impacting property risks, forcing insurers
In today's insurance world, escalating catastrophic events have created a complex environment requiring innovative responses. The frequency and intensity of natural disasters like hurricanes and wildfires are prompting insurers to reassess traditional approaches to risk assessment and property
The agricultural sector within the European Union is encountering unprecedented financial challenges as climate change exacerbates the frequency and intensity of extreme weather events. Recent findings from a joint report by the European Investment Bank (EIB) and the European Commission highlight
The advancement of generative AI technology has been a headline story, with its potential applications causing both excitement and trepidation among industries worldwide. As businesses increasingly adopt these advanced technologies to innovate and drive efficiency, they face an equally pressing
