Intelligent Insurer, Newton Media Ltd
News and Media
Items: 6
Countries in Central Asia and Eastern Europe associated with the Belt and Road Initiative should use parametric sovereign cat bonds against disaster risk.
Epidemic risk modelling company Metabiota has partnered with Munich Re to bridge the gap between epidemiological data analytics and insurance for infectious disease risk and related economic losses. The collaboration serves as an opportunity for the insurance industry to further examine these risks and create novel protection for companies.
Impact Forecasting has enabled Unica Insurance to offer new flood insurance coverage from a catastrophe model created following the widespread flooding in Canada in 2013. WATERtight uses an Impact Forecasting flood model and calculates primary rates by identifying the flood risk of properties, covering a geographic area representing 98 percent of the Canadian population.
Risk Management Solutions (RMS) has introduced a suite of Europe inland hazard data, which provides high-resolutions insight that allows for an accurate estimation of flood risk. This will help flood insurance to grow in importance in Europe and improve the protection from floods.
Re/insurers are duty bound to help mitigate disaster risks, but this does not mean that the industry cannot benefit at the same time, says Amer Ahmed, CEO of Allianz Re. 'Managing risks is our primary role in society. Partnering with government bodies to reduce risk exposure would help create more diversification in our industry, which is ultimately better from a cost of risk point of view,' he explained...
Intelligent Insurer is hosting a free GfK webinar on September 3 from 3-4pm BST (London time) that shows how GfK boundary data and CRESTA zones support reinsurance applications.
Voluntary Commitments
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The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.