The natural disasters caused about $120 billion worth of damage worldwide in the first half of 2023, according to an estimate by Swiss reinsurer Swiss Re released Wednesday. The figure is slightly lower compared to the first semester of 2022, when the damages were estimated at US$ 123,000 million. On the other hand, the damages […]
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Climate forces insurers to be creative and reinvent themselves
This is becoming a big problem. Insurers give businesses and individuals the peace of mind that, for a small premium paid on a regular basis, they will be covered in the event of catastrophes such as floods or wildfires. However, if payments increase because more customers apply, then the insurance industry either makes less profit […]