World Bank targets sovereign risk transfer for Indonesia by 2024

The government of Indonesia continues to work towards better management of its natural disaster risks and, with the assistance of the World Bank, there is a target to have a sovereign risk transfer or disaster insurance structure in place by 2024. As we reported last August, Indonesia had launched a new disaster risk pooling facility, […]

Private catastrophe bonds surpass $1bn for first time in 2021

For the first time on-record, annual issuance of privately placed catastrophe bond transactions has surpassed $1 billion in 2021, as these more streamlined insurance-linked securities (ILS) arrangements continued to play an important role for some protection buyers, ILS funds and investors. Private catastrophe bond activity had declined in 2020, as the annual issuance volume of […]

2021 insured cat losses $120bn, December tornadoes $4bn: Munich Re

Global reinsurance giant Munich Re has estimated that insurance industry losses from natural disasters or catastrophes in 2021 were roughly US $120 billion, the second-highest annual total ever. This is a higher total than most sources had been discussing, as we’d been hearing that annual natural catastrophe and severe weather insured losses might reach $110 […]

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