IRUA logo91

RECENT INSURANCE AND REINSURANCE NEWS

MARKET STATUS;

WHITEPAPER

"Building Climate Resilience in Cities
Through Insurance"

CLICK TO READ MORE

Screenshot (28)
As you can see in the image above (graph provided by Swiss Re Sigma), the gap between weather related losses alone which are insured (yellow) and those which are not has significantly widened. In 2020, uninsured losses for weather related exposures totaled $132 Billion.

In the attached report, the authors state "The global insurance protection gap- the difference between the economic loss of a catastrophe and the amount that is covered by insurance- reached a record high of USD 1.4 trillion in 2020, with 76% of natural catastrophe losses uninsured (Artemis, 2020).
Thank you for taking time to read through our newsletter.

While this year (and the one before that) has been challenging, it has also provided us with new opportunities. Paradigms have changed and we will continue to see evolution in the marketplace. As the value chain of insurance and reinsurance continues to adjust, it will become only stronger.

Have a great new year.

With our kind regards,

John West,
Director, Newsletter Editor and Social Media Chair
Favorite with white shirt
Screenshot (24)

RECENT NEWS HIGHLIGHTS

GRAPH4
nft2
covid legal
focus2
Judge,Gavel,With,Justice,Lawyer,Plaintiff,Or,Defendant,Meeting,At
d&o
Crane picking up crushed cars
quote drucker
twitter linkedin website 
Vision Statement

To facilitate a vibrant forum that encourages professional and personal development of member company personnel through educational excellence, the exchange of knowledge among industry constituents within the insurance and reinsurance marketplace and recognition for academic excellence for the next generation of reinsurance professionals. We accomplish this vision through focused educational offerings, a robust Scholars program, the publication of the Journal of Reinsurance, and an annual Conference.
This Newsletter is a compilation of source material of interest to IRUA members and the reinsurance community. The cited material is not published in this Newsletter nor by IRUA. Web addresses of the source articles material are cited herein. Readers are cautioned to observe copyright restrictions set forth in the published and the source material. References are provided for informational purposes only and do not constitute endorsement of any websites or other sources.

The views contained in the source materials are those of their respective authors and not necessarily the views of IRU Inc., its members, officers or representatives.
IRUA LOGO