A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years, according to Munich Re. Losses totaled $175 billion, more than two thirds above the previous year and …
Next Insurance and Munich Re Announce Partnership Next Insurance announced its partnership with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey …
At a “Home Hacker Lab” event sponsored by Hartford Steam Boiler (HSB), part of Munich Re, and Prescient Solutions, an ethical hacker revealed how cybercriminals work — and what consumers can do to protect themselves. The October 13 workshop in …
Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …
This summer’s weather was relentless and hellish, crowded with the type of record-smashing extremes that scientists have long warned about. The season ended last week, and not a moment too soon. Summer featured floods that killed hundreds of people and …
Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55 percent of corporate risk managers surveyed named cybersecurity as their …
Most companies are unprepared for the emergence of autonomous vehicles (AVs), according to corporate risk managers surveyed by Munich Re at the 2016 Risk and Insurance Management Society Conference (RIMS). Despite the potential business impact of this technology, a majority …
A new mobile app designed to help homeowners better understand how to strengthen their homes to withstand severe weather events has been released by Munich Re, US, and the Insurance Institute for Business & Home Safety (IBHS). FORTIFIED Home On …
Munich Re, in collaboration with the Washington State Transit Insurance Pool (WSTIP), has launched a pilot program equipping transit buses with collision avoidance technology known as Mobileye Shield+. RoscoVision Systems is the North American provider and driver-interface manufacturer of this …
According to a new survey, 55 percent of risk managers are not confident their company is dedicating enough resources, in terms of dollars or personnel, to combat the evolution of hacking techniques. In a recent podcast interview with Claims Journal, …