News - Markets & trends
The Riskiest Routes around the World
To mark Global Road Safety Week, data from WHO has revealed that each day, 3,700 people die in road crashes, meaning that 1,350,000 fatalities occur every year on the world's roads. Moreover, according to data revealed by WHO, India, China and Brazil are the top 3 most dangerous places to travel by road.
13 May 2019About a third of European insurers are using A.I. and Machine Learning in everyday activity
On 8 May 2019, the European Insurance and Occupational Pensions Authority (EIOPA) published an in-depth review of Big Data Analytics (BDA) use inside 28 European insurance markets. The aim of the study was to gather further empirical evidence over the benefits and risks arising from BDA tools in motor and health insurance business lines.
9 May 2019SWISS Re: Earthquakes in Italy are insurable
10 years after the earthquake that has destroyed the medieval heart of the Italian city of L'Aquila, Swiss Re promotes, together with the Italian Association of Insurers - ANIA, the idea of increasing the Italian cities' resilience by adopting country wide insurance solutions to mitigate earthquake risk and protect communities, by providing the financial means to recovery.
30 April 2019Number of road fatalities in EU is decreasing
In 2018, more than 25,000 people lost their lives on EU roads, European Commission data shows. Last year the number of fatalities at EU level decreased by 21% compared to 2010. On April 2019, EU has initiated new programs to be introduced, to further reduce the number of accidents and improve road safety.
18 April 2019AON: Terrorism and political activism, the new challenges for European businesses
Populism, protectionism and the changing face of terrorism are all phenomena that are currently shown more often in Europe and around the world. Aon, a leading global professional services firm, specialized in risk, retirement and health consulting, published a detailed analysis over this topic.
16 April 2019ITALY: 10 years after the L'Aquila earthquake, measures to increase country's resilience to Nat Cat are undertaken
On April 6, Italy has commemorated 10 years since the 6.3 magnitude earthquake that destroyed the medieval town of L'Aquila, in central Italy. According to Swiss Re's sigma, the measures taken since 2017 by the Italian government are encouraging uptake of earthquake insurance and retrofitting to make buildings more earthquake resilient.
11 April 2019Accenture: 6 in 10 customers are willing to share private information with insurers and banks in exchange for lower prices
A recent survey by Accenture of 47,000 participants across 28 markets shows that more than three-quarters of all respondents are willing to share personal data to insurance companies and banks to receive benefits, such as personalized offers and discounts.
4 April 2019Insurance Europe: The implications of a no-deal Brexit on insured persons
Europeans with a motor, health or travel insurance policy may be affected by a no-deal Brexit. Insurance Europe analyzed possible outcomes for the insurance domain and published a guide to help insurance consumers prepare for travelling to the UK.
28 March 2019March 2019 analysis on Brexit impact
A New Financial analysis found that 275 firms are moving or have already moved their businesses, staff and assets from Britain to the EU because of Brexit. The report shows Dublin, Luxembourg and Paris were the common choice, while Frankfurt was preferred by banks or investment banks.
14 March 2019China to become the largest insurance market by the mid-2030s
Emerging markets will remain the growth engine for the global economy and insurance industry over the next decade, the latest sigma report from Swiss Re Institute shows.
7 March 2019BI non-physical losses: the UK solution
With the Royal Assent being given to the Counter-Terrorism and Border Security Bill 2018 - allowing Pool Re to cover non-physical losses incurred following a terrorist attack -, the British market has set a precedent at global level, by finding solving a challenging issue born by the changed character of the terrorist attacks of the recent years.
14 February 2019(Infographic): 300+ Global insurers reveal next generation products and services
67% of the insurance peers agree that Machine Learning & AI will have huge impacts on how product innovation is shaped. How is your organisation set to take advantage of this, and become market leader?
7 February 2019Swiss Re: personal cyber insurance market will reach up USD 3.1 billion by 2025, if insurers' offer will meet customers' needs and preferences
Technology has become so ubiquitous, it is hard to live without it. It comes with huge advantages, but also risks - and there is an increasing role for insurers to play in protecting customers in the face of cyber threats, reads the latest Swiss Re white paper on cyber risks.
22 January 2019WEF's global Top 5 most concerning trends 2019: changing climate, cyber dependency and increasing social disparities and national sentiment
Rising geopolitical and geo-economic tensions are the most urgent risk
in 2019, while environmental degradation is the long-term risk that
defines our age, with four of the top five most impactful global risks
in 2019 related to climate. Rapidly evolving cyber and technological
threats are the most significant potential blind spots; we still do not
fully appreciate the vulnerability of networked societies. These are
some of the main conclusions of the World Economic Forum's Global Risks Report 2019.
18 January 20192018 Global Risk Index: all threats are increasing; Nat Cat among the Top 3 classes of threats
Top three classes of threats putting at risk large shares of the global GDP in 2019 are Natural Catastrophes, Financial, Economics & Trade and Geopolitics & Security, shows the 2018 Global Risk Index, also emphasizing for the first time of the threats considered are increasing.
6 December 2018Global economic growth is solid but slowing, and emerging Asia will continue to power the insurance market, sigma says
Global premiums are forecast to grow by around 3% annually in 2019 and 2020, mostly driven by the high growth rates in emerging Asia which may be as by three times more than the global average. The economic power shift from west to east will drive insurance sector development to 2020 and beyond. Expanding the boundaries of insurability for corporate intangible assets will be another main growth area for insurers
22 November 2018Insurance, a key player in building resilience
"The frequency of natural disasters is increasing, and the damage they cause will be greater as the world population becomes more urban and concentrated in areas prone to catastrophe," one of the latest analysis published by Aon under the Global Insurance Market Opportunities titles sates.
5 November 2018Fitch Ratings: intense competition and scale benefits fuel reinsurance M&A
Consolidation of the global reinsurance industry will continue, as intense market competition and capital levels drive M&A, while smaller players lacking scale and diversification confront further pressure in regard to growth and profitability, Fitch Ratings says.
11 September 2018Swiss Re Institute preliminary sigma estimates: Catastrophes cause global economic losses of USD 36 billion in the first half of 2018
Global economic losses from natural catastrophes and man-made disasters in 1H2018 were USD 36 billion, well below the ten-year average of USD 125 billion in economic losses and significantly lower y-o-y. USD 20 billion of the total were covered by insurance, Swiss Re Institute's preliminary sigma estimates show.
5 September 2018FITCH Ratings: Reinsurers' earnings at "New Normal"; Sector Outlook Stable
FITCH Ratings has revised on 4 September 2018 its outlook for the global reinsurance sector to stable from negative, on the belief that earnings have settled at a "new normal", with return on capital likely to be more modest but less volatile than before.
4 September 2018
