|Nov 2013 Global Catastrophe Recap|
The report reveals that Super Typhoon Haiyan made landfall in the central Philippines as one of the strongest tropical cyclones ever recorded, killing at least 5,719 people and injuring 26,233 others, with 1,779 people declared missing. Total economic losses – including damage and reconstruction costs – were estimated at PHP250 billion (USD5.8 billion), while insured losses were expected to reach the hundreds of millions of dollars (USD).
Dec 05, 2013 Impact Forecasting
A review of the history of pandemics and how this information can be used for future risk modelling.
Nov 18, 2013 Aon Benfield Analytics
|Reaseguro Contemporaneo |
Reaseguro Contemporáneo identifica y aborda a fondo temas de actualidad en el ramo. Este número presenta algunos artículos técnicos como Huracanes en el Atlántico, Panorama del Mercado de Reaseguro y Solvencia II en Latinoamérica entre otros. Incluye entrevistas a líderes de opinión en México y Centroamérica que comparten su visión y experiencia dentro de la industria
Nov 11, 2013 Aon Benfield
|October 2013 Global Catastrophe Recap|
The latest edition of the monthly Global Catastrophe Recap report reviews the natural disaster perils that occurred worldwide during October 2013. The report reveals that Windstorm Christian became the costliest European windstorm event since Xynthia in 2010, with initial estimates from the insurance industry anticipating losses beyond EUR1.0 billion (USD1.35 billion).
Nov 07, 2013 Impact Forecasting
|Analysis of S&P Rating Factors for U.S. and Bermuda Companies|
The report analyzes the new S&P insurance rating framework for 48 U.S. and Bermuda based P&C companies with interactive S&P ratings. It also provides insights into the rating sub-factors driving S&P financial strength ratings, allowing companies to best understand and manage the new insurance rating framework.
Oct 29, 2013 Aon Benfield Analytics
|Life Catastrophe Benchmarking Study 2013|
The annual survey of global life insurers provides insight into catastrophe reinsurance purchasing patterns and help benchmark retentions, quantity and price.
Oct 24, 2013 Aon Benfield Analytics
|Evolving Criteria - United States Edition|
Aon Benfield Analytics today launches its annual Evolving Criteria report, which reviews the latest developments in rating agency protocol in the United States and their impact on the insurance industry. During a 12-month review period, the report reveals that ratings agencies S&P and A.M. Best released 23 criteria updates with an additional seven updates in draft status. Significant developments included the release of S&P’s Insurance Rating Criteria and updates to A.M. Best’s BCAR model.
Oct 21, 2013 Aon Benfield
|Homeowners ROE Outlook - 2013 Update|
Aon Benfield Analytics launches its annual Homeowners ROE Outlook report, which reviews the industry aggregate state level statutory financial filing information along with rate filings and supporting actuarial information for the 20 top homeowners insurance groups by state. It concludes that insurers’ prospective after-tax return-on-equity for homeowners insurance is 4.6 percent on a countrywide average, and 8.0 percent excluding Florida.
Oct 21, 2013 Aon Benfield
|Lloyd's Update - October 2013|
Aon Benfield Analytics’ Market Analysis team, today launches its latest Lloyd’s Update report, covering the market’s financial results in the first half of 2013 and business position going into 2014.
Oct 15, 2013 Aon Benfield Analytics' Market Analysis team
|Sept 2013 Global Catastrophe Recap|
The monthly report reviews the natural disaster perils that occurred worldwide during September 2013. The report reveals that the $15 billion in September economic losses highlights the dearth of national disaster insurance in some areas of the world and that simultaneously occurring events in a country can have catastrophic impacts.
Oct 08, 2013 Impact Forecasting
|2013 Evolving Criteria - Asia Pacific Edition|
The Evolving Criteria report reviews the latest developments in rating agency protocol and impact for the insurance industry in the Asia Pacific region and is part of a continuing series. The report highlights that the Asia Pacific insurance markets have slowly recovered from the significant losses they incurred following the series of natural disasters that impacted the region in 2011. The incidence of large scale catastrophes has since decreased, allowing insurers’ balance sheets to rebuild.
Sep 23, 2013 Aon Benfield
|Asia Pacific Solvency Regulation|
The Asia Pacific Solvency Regulation report from the APAC Rating Agency Advisory team outlines the non-life solvency requirements for selected countries/regions in Asia Pacific. It provides an understanding and benchmarking of the existing methodologies adopted by regulators. Considering the many changes that are expected to these regulations in coming years, the team will continue to periodically update this report to reflect new conditions.
Sep 23, 2013 Aon Benfield Analytics
|China P&C Insurance and Reinsurance Market Report|
Over the past ten years, China has emerged as an insurance and reinsurance market that cannot be overlooked. This, however, does not mean it is well analyzed. When we look beyond the macro growth, underlying opportunities and challenges are not necessarily what they first appear to be. For example, a detailed analysis of the Property market shows that growth has been more in line with GDP than with the faster overall market growth, which is largely driven by Motor business.
Sep 23, 2013 Aon Benfield
|2013 Evolving Criteria - EMEA Edition|
The Evolving Criteria report reviews the latest developments in rating agency protocol and impact for the insurance industry in the Europe, Middle East and Africa region. The report highlights key changes in the rating agency world including the Eurozone sovereign ratings landscape, the Standard and Poor’s (S&P) new insurers rating methodology and the impact of Solvency II.
Sep 08, 2013 Aon Benfield
|Reinsurance Market Outlook - September 2013|
Aon Benfield's Reinsurance Market Outlook - Post Convergence - The Next USD100 Billion report examines the trends seen in the global reinsurance industry during the first half of 2013. Reinsurer capital (including traditional and non-traditional markets) declined slightly from Q1 2013, but remains up 1 percent compared to year end 2012.
Sep 08, 2013 Aon Benfield
|Insurance Risk Study - Eighth Edition 2013|
The Insurance Risk Study continues to be the industry’s leading set of risk parameters for the modeling and benchmarking of underwriting risk. Now in its eighth edition, the study continues to provide underwriting volatility benchmarks that are a valuable resource to chief risk officers, actuaries and other economic capital modeling professionals, as well as comprehensive analyses of notable specific risks to the industry. Its data spans 49 countries and key business lines representing more than 90% of global premium.
Sep 08, 2013 Aon Benfield
|August 2013 Global Catastrophe Recap|
The monthly report reviews the natural disaster perils that occurred worldwide during August 2013. The report reveals that billion-dollar flood losses were recorded in China, Russia, Philippines, and Pakistan during August, causing an initial combined estimate of USD10 billion in economic losses.
Sep 05, 2013 Impact Forecasting
|Aon Benfield Aggregate 1H 2013|
The latest edition analyses the financial results of the world’s leading reinsurers in the first half of 2013. Aon Benfield Analytics estimates that global reinsurer capital totaled USD510 billion at June 30, 2013, an increase of 1% (USD5 billion) relative to December 31, 2012. This calculation is a broad measure of capital available for insurers to trade risk with and includes both traditional and non-traditional forms of reinsurance capital.
Sep 02, 2013 Aon Benfield Analytics' Market Analysis team
|Insurance-Linked Securities: Capital Revolution – ILS Market Expands to New Heights|
Capital Revolution – ILS Market Expands to New Heights, reveals that annual catastrophe bond issuance reached USD6.7 billion as of June 30, 2013 and the total capacity of all catastrophe bonds currently active in the market – also known as “on-risk” – had reached a record USD17.5 billion, surpassing the previous record of USD16.2 billion at June 30, 2008.
Aug 30, 2013 Aon Benfield Securities
|July 2013 Global Catastrophe Recap|
The monthly report reviews the natural disaster perils that occurred worldwide during July 2013. The report reveals that strong thunderstorms brought record rainfall to the greater Toronto metropolitan region, resulting in Canada’s second billion-dollar natural disaster event of 2013 – the first being an extensive flood event that inundated the province of Alberta in June.
Aug 07, 2013 Impact Forecasting
|Reaseguro Contemporaneo Verano 2013|
La Revista Reaseguro Contemporáneo identifica y aborda a fondo temas de actualidad en el ramo. Este número presenta algunos artículos técnicos como Tormentas Geomagnéticas, Seguro Agrícola y un análisis de los 31 Reaseguradores mas grandes. Incluye entrevistas a líderes de opinión en México y Centroamérica que comparten su visión y experiencia dentro de la industria y finalmente incluye información relevante sobre Aon Benfield México así como su política de responsabilidad social.
Aug 06, 2013 Aon Benfield
|Insurance-Linked Securities: Second Quarter 2013 Update |
Aon Benfield Securities today launches its latest report on the insurance-linked securities (ILS) market, which reviews the key trends witnessed during the second quarter of 2013. The report reveals that 13 catastrophe bonds closed during the period, with a total value of USD3.3bn, contributing to a first half issuance total of just under USD4.0 billion – the highest level since 2007.
Jul 31, 2013 Aon Benfield Securities
|1H 2013 Global Natural Disaster Analysis|
This report outlines Impact Forecasting's mid-year natural disaster analysis, which aggregates the key global natural disaster perils data for the first half of 2013.
Jul 24, 2013 Impact Forecasting
|June 2013 Global Catastrophe Recap |
The monthly report reviews the natural disaster perils that occurred worldwide during June 2013. The report reveals that The report reveals that major flooding continued across Central Europe during the first half of the month, killing at least 23 people and resulting in combined economic losses of up to EUR17 billion (USD22 billion), and insured losses tentatively estimated at approximately EUR4.0 billion (USD5.3 billion). Most of the losses were attributable to Germany.
Jul 10, 2013 Impact Forecasting
|2013 Reinsurance Market Outlook - June and July Update|
Aon Benfield’s 2013 Reinsurance Market Outlook report covering June and July renewals reveals that increasing velocity of new capital flows benefits reinsurance buyers. Driven by very low single digit expected returns in corporate and government bond markets, pension funds, family trusts, endowments and life insurers continued to allocate more funds to insurance-linked securities (ILS) and collateralized reinsurance ahead of the June 1 and July 1 reinsurance renewals.
Jul 10, 2013 Aon Benfield
|Lloyd's Update - FY 2012|
The latest Lloyd’s Update report, covering the market’s 2012 financial results and business position in 2013. Lloyd’s reported a pre-tax profit of GBP2.8 billion for 2012, after a loss of GBP0.5 billion in 2011. This represented a return on capital employed of 14.8%.
Jun 25, 2013 Aon Benfield
|U.S. P&C Industry Statutory Reserve Study|
The study, compiled by Aon Benfield Analytics, reveals that commercial lines moved to an overall deficiency position of USD0.9 billion at YE2012 compared to an estimated USD4.2 billion redundancy at YE2011. The overall industry redundancy position decreased to USD9.2 billion at year end 2012 – equivalent to 1.6% of total booked reserves.
Jun 13, 2013 Aon Benfield
|May 2013 Global Catastrophe Recap
The monthly report reviews the natural disaster perils that occurred worldwide during May 2013. The report reveals that regions of the United States were impacted by several severe windstorm events during the month, including Moore, Oklahoma, where a catastrophic EF-5 tornado killed 24 people, injured 387 others, and damaged or destroyed up to 13,000 homes and structures.
Jun 05, 2013 Impact Forecasting
|Hurricane Sandy Event Recap Report|
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, today releases its Hurricane Sandy Event Recap Report that includes a comprehensive review of the event that caused extensive damage in the United States and also in parts of the Caribbean, Bahamas and Canada. The report provides a full meteorological recap of the unique system as well as detailed analysis of the regions and sectors directly impacted by Sandy. Also included are details from a damage survey conducted by members of the Impact Forecasting team, and an assessment of Sandy’s financial impact utilizing the group’s modeling software platform, ELEMENTS.
May 14, 2013 Impact Forecasting
|April 2013 Global Catastrophe Recap|
The monthly report reviews the natural disaster perils that occurred worldwide during April 2013. The report reveals that a magnitude-6.6 earthquake struck China’s Sichuan Province, killing at least 196 people and injuring 13,484 others. An unofficial media estimate quoting local government officials estimated economic losses at CNY169 billion (USD27 billion). If verified, potential insured losses would be around CNY1.5 billion (USD250 million), given a local insurance penetration of approximately one percent.
May 08, 2013 Impact Forecasting
|Revista Reaseguro Contemporaneo Primavera 2013|
Specialized magazine which includes contemporary reinsurance topics focused on the Mexican, Central America and Panama industry and interests.
May 08, 2013 Aon Benfield
|Insurance-Linked Securities: First Quarter 2013 Update |
Aon Benfield Securities today launches its latest report on the insurance-linked securities (ILS) market, which reviews the key trends witnessed during the first quarter of 2013. The report reveals that, for the annual period ending March 31, investment returns for the Aon Benfield All Bond index had reached 12.69 percent (2012: 5.90 percent).
Apr 17, 2013 Aon Benfield Securities
|The Aon Benfield Aggregate - FY 2012|
Aon Benfield Analytics estimates that global reinsurer capital totaled a record USD505 billion at December 31, 2012, an increase of 11% (USD50 billion) relative to December 31, 2011. The latest study compiled by the Market Analysis team found that capital reported by the ABA group of 31 publicly reporting reinsurers increased by 12% or USD33 billion to USD313 billion, driven primarily by USD29.5 billion of common net income and USD15.9 billion of unrealized capital gains.
Apr 09, 2013 Aon Benfield Analytics' Market Analysis team
|March 2013 Global Catastrophe Recap - Impact Forecasting|
The monthly report reviews the natural disaster perils that occurred worldwide during March 2013.The report reveals that late-season winter weather affected much of Europe throughout the month, bringing an extended period of heavy snowfall, sub-freezing temperatures, high winds, ice and flooding. Heavy snowfall engulfed northern sections of Japan between the end of February and early March.
Apr 04, 2013 Impact Forecasting
|2013 Reinsurance Market Outlook - April 1 Update|
Aon Benfield’s 2013 Reinsurance Market Outlook report covering April 1 renewals reveals that alternative market capital flows and record reinsurance capital drive materially better terms for reinsurance buyers. Traditional reinsurance capital grew 11 percent during 2012, to end at USD505 billion.
Apr 02, 2013 Aon Benfield Analytics
|February 2013 Global Catastrophe Recap - Impact Forecasting |
The monthly report reviews the natural disaster perils that occurred worldwide during February 2013. The report reveals that at least four separate winter storms impacted the United States during the month.
Mar 06, 2013 Impact Forecasting
|January 2013 Global Catastrophe Recap - Impact Forecasting |
The monthly report reviews the natural disaster perils that occurred worldwide during January 2013. It reveals that torrential monsoonal rains prompted severe flooding throughout the Indonesian capital of Jakarta, killing at least 41 people. Government officials forecast total economic losses of IDR32 trillion (USD3.31 billion), and insured losses above IDR3 trillion (USD311 million).
Feb 07, 2013 Impact Forecasting
|Annual Global Climate and Catastrophe Report: 2012 |
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, today releases its Annual Global Climate and Catastrophe Report, which aggregates and analyzes the natural disaster perils that occurred worldwide during 2012. The report reveals that 295 natural peril events occurred worldwide in 2012 (2011: 257) causing total economic losses of USD200 billion, only slightly above the 10-year average of USD187 billion.
Jan 24, 2013 Impact Forecasting
|Insurance-Linked Securities: Fourth Quarter 2012 Update |
The report reveals that new catastrophe bond issuance for the period reached USD1.89bn, and USD6.25bn for 2012 as a whole – a 35 percent increase on the full year 2011 figure and the highest ILS issuance volume since 2007. Meanwhile, the majority of Aon Benfield’s ILS Indices posted mark-to-market gains in Q4 2012.
Jan 15, 2013 Aon Benfield Securities
|Geomagnetic Storms |
Geomagnetic storms and extreme solar weather are a realistic threat to the world’s electrical power grids, telecommunication systems and global satellite navigation networks. The report assesses the threat and in turn empowers effective risk management and reinsurance decision making.
Jan 11, 2013 Aon Benfield Analytics
|December 2013 Global Catastrophe Recap - Impact Forecasting|
The report reviews the natural disaster perils that occurred worldwide during December and reveals that Super Typhoon Bopha killed 1,901 people and injured 2,666 others after making landfall on the southern Philippine island of Mindanao as a Category 5 typhoon. Elsewhere, Cyclone Evan crossed the Samoan Islands, Fiji, Tonga and other small islands in the South Pacific Basin, killing at least 14 people.
Jan 07, 2013 Impact Forecasting
|2013 Reinsurance Market Outlook|
Aon Benfield’s 2013 Reinsurance Market Outlook - Reinsurance Capacity Growth Continues to Outpace Demand report reveals that reinsurance capital reached USD500 billion in 2012. The lack of significant reinsured losses from catastrophes in 2012 was a reasonable departure from the building view of a "new normal" higher level of global catastrophes.
Jan 03, 2013 Aon Benfield Analytics