Category Archives: Natural Catastrophe

Are you ready for peak 2018 hurricane season?

a car submerged under water

While current predictions indicate a relatively quiet hurricane season, particularly in comparison to last year, it only takes one major hurricane making landfall in a built-up area to create a significant loss, as we saw with Hurricane Andrew in 1992 … Continue reading →

Learning about natural hazards: A recap of Willis Research Network’s spring seminar series

streets flooded around a building

This past spring, Willis Research Network (WRN) hosted a series of morning seminars that featured a number of research projects and partners. Topics ranged from severe convective storms to corporate risk profiling, and included findings from some of the WRN’s … Continue reading →

Insights from the Willis Re Flood Club: the weaknesses and strengths of flood modelling

cars in flooded parking lot

When industry experts gathered to consider the state of flood modelling, they discovered a disconnect between theory and reality that can leave insurers under some expensive water. So what’s next for modelling approaches? Insurers are worried about their flood exposure. … Continue reading →

2018’s most dangerous risks for insurers

red flags on top of rocks by the ocean

One definition of insanity is “doing the same thing and expecting a different outcome.” Well, we asked insurers the same question in December 2017 that we asked in December 2016: What are the most dangerous risks to your company in … Continue reading →

Protecting people and assets in the Latin American natural resources industry: 3 imperatives

Tecpetrol’s Fabio Lugo addressing Latin American Natural Resources Conference in Buenos Aires

Tecpetrol’s Fabio Lugo addresses our Latin American Natural Resources Conference in Buenos Aires last month Latin America’s geography is rich in natural resources, currently producing 12% of the world oil and 7% of the world natural gas supply. But a … Continue reading →

Post-hurricane confusion in the energy insurance markets: 3 reasons why a market turn is too early to call

post-hurricane

Energy insurers were in a bullish mood as delegates gathered at the critical Baden-Baden reinsurance meeting last week. Their frame of mind didn’t come as a surprise, given all the media speculation on how insurance markets will respond in the … Continue reading →

A hurricane season of record-breaking storms – Part 2: What will the future hold?

This is a continuation of a previous blog post, A hurricane season of record-breaking storms – Part 1: Historical context With every large storm, there are always questions concerning climate change. Can storms such as those we’ve seen in recent … Continue reading →

A hurricane season of record-breaking storms – Part 1: Historical context

Hurricane season 2017 will leave many scars. A succession of September Hurricanes have left trails of devastation across many Caribbean Islands, as well as caused widespread flooding and loss across many southern states of the U.S. In fact, it was … Continue reading →

Volcanic risk: Separating the facts from the hype

Since Iceland’s Eyjafjallajökull volcano erupted in April 2010, wreaking havoc across European airspace, we’re now more sensitive to volcanic-related news. Let´s not forget that at its maximum impact, 75% of all European airline operations were closed, 10 million people were … Continue reading →

Devastating natural disasters continue to pummel Mexico. What does it mean and what’s next?

While Mexico is still counting the victims and assessing the damage from the last earthquake that struck the capital, estimated to be up to $10bn according to the USGS, we reflect on how the country is being hit left, right … Continue reading →