OLDWICK, N.J.–(BUSINESS WIRE)–Best’s Review focuses on catastrophes in conjunction with the
start of hurricane season this month. While these perennial storms are a
constant threat for insurers, the June issue looks at other types of
catastrophes, both natural and man-made.
-
“Going
Dark” examines how the 2017 NotPetya ransomware attack
paralyzed businesses and resulted in an estimated insured loss of $3
billion, revealing cyber as an emerging catastrophic risk. -
“Stumbling
Blocks” details the obstacles holding back the development of
a cyber insurance-linked securities market, such as limited modeling,
lack of loss history and its potential long tail. -
“Waiting
to Erupt” outlines the new ways insurers plan to assess and
address the overlooked threat of volcano eruptions, including the
development of parametric products and an exposure-based probabilistic
volcano model.
Also in the June issue, “Storm
Clouds on the Horizon” looks at the forecast of a recession in
2020 or 2021, and how asset managers are de-risking their portfolios.
Regarding the life industry, “Reaching
the Uninsurables” reports how insurers are targeting those with
chronic illnesses such as diabetes, searching for growth in an
underserved market.
Full access to the complete content of Best’s Review is available
at http://www.bestreview.com.
AM Best is a trusted source of insurance market insight and data, and
the only global credit rating agency with a unique focus on the
insurance industry. Best’s Credit Ratings are a recognized indicator of
insurer financial strength and creditworthiness. Visit http://www.ambest.com
for more information.
Copyright © 2019 by A.M. Best Company, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.
Contacts
Patricia Vowinkel
Executive Editor, Best’s Review®
+1
908 439 2200, ext. 5540
[email protected]
