Catastrophes

During a track at the IFoA Asia Conference 2018 last week, a speaker laid out a “future state” vision that included access to insurance-linked securities (ILS)—or at least some version of ILS—for retail investors.

Since 2007, PCS® has designated 25 events in the month of September, totaling 2.5 million in estimated losses or approximately $20.6 billion.

The National Hurricane Center says a named storm forms in the Atlantic Basin in June once every other year.

From 2007-2016, PCS designated 33 catastrophic events in this month-- resulting in total insured losses of roughly $9.7 billion.

Since 2007, PCS has designated 41 catastrophes in the month of April, an average of just fewer than four per month.

The Angel Islington is a well-known property in U.K. Monopoly, it’s not an area where you might expect flooding to be a problem.

Since 2007, the average catastrophe frequency for the month of March is 3.2 events, with 220,000 claims generating $1.4 billion in industry losses.

It’s midwinter in the Northern Hemisphere, and we’re looking ahead to February with a review of historical catastrophe activity.

Here are the ways this blockchain technology can benefit the global insurance industry.

The global insurance industry has taken an interest in blockchain because of certain fundamental benefits that the technology provides.