A new report from insurance giant Swiss Re finds the flood losses to insured property are jumping drastically and only a fraction of what’s damaged is insured.
The world’s largest reinsurers will push for substantial rate increases at Jan. 1, 2023, renewals because they say exposures are increasing and inflation in key markets continues to drive up claims.
The reinsurance market for cyber liability insurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
The program will provide a variety of tools, resources, skillsets, and funding platforms to address the dynamic and changing needs of agriculture innovation.