Noto earthquake, China floods among costliest H1 2024 economic loss events: Aon
July 19 2024 by InsuranceAsia News-
BI claims in focus as carriers assess losses amid global tech outage
- July 22
The event could impact other lines beyond cyber including tech errors and omissions, D&O and other liability claims and supply chain disruptions.
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Global tech outage could see claims snowball but insurers ‘wait-and-watch’
- July 19
The impact on the industry will depend on the “waiting period” , however, there could be long-term BI and other complex claims.
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Market dynamics positive despite geopolitical, climate risks headwinds
- July 18
Severe weather events, projected to rise by 5-7% every year, geopolitical unrest, and supply chain disruption are the main systemic perils that put pressure on the insurers, according to SwissRe Corso CUO Kera McDonald.
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Asia reports lower than average economic losses due to perils in H1 2024: Gallagher Re
- July 18
An active first half of 2024 saw the global economic losses at US$128bn, close to the decadal average at US$133bn.