The impact of natural disasters on insurances

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How natural disasters make insurance companies struggle.

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The impact of natural disasters on insurances

  1. 1. The impact of natural disasters on insurances<br />Martens Mieke<br />Slidecast - 2FV6<br />
  2. 2. Overview<br />Introduction<br />What damage is covered?<br />The insurance premiums<br />Reinsurers<br />Lloyd’s of London<br />Conclusion<br />
  3. 3. Introduction<br />Natural disasters<br />Billions of expenses<br />Who’s responsible?<br />Insurance premiums<br />Reinsurers<br />Lloyd’s of London<br />
  4. 4. What damage is covered?<br />Japan: $15bn - $35bn<br />Earthquake: insured<br />Nuclear plant: uninsured<br />
  5. 5. Insurance premium<br />It will increase?<br />Diverse opinions<br />April: certainty<br />Enough funds<br />Support from overseas reinsurers<br /> - Munich Re: $2.1bn<br /> - Swiss Reinsurance Co.: $1.2bn<br />
  6. 6. Reinsurers<br />Impact of series disasters?<br />Well capitalized <br />Rising rates? impact?<br />Impact previously paid out claims<br />
  7. 7. Lloyd’s of London<br />Largest insurance market <br />Premiums probably rising<br /> - 2010: profits 43%<br /> - Series of natural disasters<br /><ul><li>2011: challenging year
  8. 8. History: big claims rising premiums
  9. 9. Revenues > claims</li></li></ul><li>Conclusion<br />Serious damage claims<br />Still making profit<br />Dig out into their reserves rising premiums?<br />Rebuilding of the affected countries<br />
  10. 10. Thanks for listening!<br />

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