COP29 ends with Loss and Damage fund progress, strategic direction set for Global Shield
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. COP 29, the United Nations Climate Change Conference held in Baku, Azerbaijan, has drawn to a close with agreement on certain areas and…
Schroders Capital invested $817m+ in ILS that help reduce protection gap in 2023
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. During the full-year 2023, the catastrophe bond and insurance-linked securities (ILS) team at private markets focused investment manager Schroders Capital allocated over US…
Parametric insurance can help close US $1.8tn protection gap: Generali and UNDP
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A joint report published by insurance giant Generali and the United Nations Development Programme (UNDP) highlights parametric risk transfer and insurance as a…
Nat cat gap expands 5.2% to $385bn, but protection more available: Swiss Re
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The global natural catastrophe protection gap widened again in 2023, rising 5.2% to US $385 billion in premium equivalent terms, but at the…
World Bank & EC call for scaled up European disaster risk transfer & cat bonds
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. In a string of research reports, the World Bank Group and European Commission call on governments across Europe to utilise more in the…
Munich Re behind Hawaii coral reef parametric insurance renewal, coverage expands
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. An innovative parametric insurance product that provides protection to fund repairs following storm damage to coral reefs in Hawaii has been renewed and…
Parametric insurance to cover South Pacific coral reef in Fiji archipelago
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. An innovative parametric insurance program has been taken across the globe to cover a South pacific coral reef in the Fiji archipelago, with…
Aggregate reinsurance back on the table, lower layers see more support: Aon
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A few signs emerged at the recent January 1st 2024 reinsurance renewals that bode well for protection buyers as we move through this…