December 3, 2021

RSA insurance group books £50m hit for US and Caribbean hurricanes

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By Scott McCulloch From insider.co.uk The hurricane provisions have been booked in the UK segment which also suffered from large weather-related losses and inflationary pressure on home insurance Insurer RSA has booked a £50 million hit from recent major hurricanes in the Caribbean and United States and warns the bill will likely rise as more claims […]

Disaster risks outweigh cover

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By SHAWN CUMBERBATCH From Nation News Should Barbados and the region be more focused on disaster risk insurance? Whether you call them catastrophes or disasters, there are some events that are potentially crippling to countries, especially small nations like Barbados and its Caribbean neighbours. This is best illustrated by the negative impacts the region has […]

Koreans spend more than $3,000 a year on insurance [but Cayman Islands tops the list at $12,619]

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From The Korea Herald Koreans paid more than a combined $3,000 per policy holder in insurance premiums for the year ended in March, a market researcher said Wednesday. Koreans’ insurance density stood at $3,034 in the financial year 2015-16, compared with $2,332 in 2010, Swiss Re, the world’s second-largest reinsurer based in Switzerland, said in […]

Caribbean governments now insured against excess rainfall

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From Caribbean Catastrophe Risk Insurance Facility Grand Cayman, Cayman Islands, August 4, 2014 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is pleased to announce that eight of its members have become the first countries to purchase its excess rainfall insurance coverage – for the 2014/2015 policy year. Developed by CCRIF and global reinsurer, Swiss […]