Insurance VS natural disasters<br />by Kelly De Boeck<br />
Overview<br />The consequences of the earthquake and tsunamiforJapaneseinsurers<br />The impact of natural disasters onglo...
ConsequencesforJapaneseinsurers<br />Total damage + 25 billion yen<br />-> record<br />Use reserves and public funds<br />...
ConsequencesforJapaneseinsurers<br />Japaneseinsurers pass on 70% to 80% to overseasreinsurers<br />-> doesn’t look goodwo...
The impact onglobalreinsurers<br />Opinions are devided<br /><ul><li>Recentlymany disasters that have been expensive</li><...
The impact onglobalreinsurers<br />Generally, insurancemarketsvarydependingon the circomstances<br />Trudgill: dependon th...
Lloyd’s<br />Ward: 2011, a realchallenge<br />Notexcludeincrease of premiums<br />A fact: large claims in the past have le...
Lloyd’s<br />- 43 %<br />
Conclusion<br />Verylikelyanincrease of the premiums<br /> -> causedbyearthquake and tsunami in Japan <br />         + oth...
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Insurance VS natural disasters

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Transcript of "Insurance VS natural disasters"

  1. 1. Insurance VS natural disasters<br />by Kelly De Boeck<br />
  2. 2. Overview<br />The consequences of the earthquake and tsunamiforJapaneseinsurers<br />The impact of natural disasters onglobalreinsurers<br />Lloyd’s<br />Conclusion<br />
  3. 3. ConsequencesforJapaneseinsurers<br />Total damage + 25 billion yen<br />-> record<br />Use reserves and public funds<br />Help fromoverseasreinsurers<br />-> Munich Re willgive 1,5 billion dollars<br />Within a monthannualdiscussionsabout premium rates<br />-> fear<br />
  4. 4. ConsequencesforJapaneseinsurers<br />Japaneseinsurers pass on 70% to 80% to overseasreinsurers<br />-> doesn’t look goodworldwide<br />Also a nuclearcatastrophe<br /> -> must not cover the damage<br />
  5. 5. The impact onglobalreinsurers<br />Opinions are devided<br /><ul><li>Recentlymany disasters that have been expensive</li></ul> + disasters in Japan<br /> = negative impact onglobalreinsurers<br /><ul><li>Reinsurerswereable to enjoyyears of profit</li></ul> -> couldcreate a buffer<br />
  6. 6. The impact onglobalreinsurers<br />Generally, insurancemarketsvarydependingon the circomstances<br />Trudgill: dependon the totalcost<br />
  7. 7. Lloyd’s<br />Ward: 2011, a realchallenge<br />Notexcludeincrease of premiums<br />A fact: large claims in the past have led to premium increases<br />
  8. 8. Lloyd’s<br />- 43 %<br />
  9. 9. Conclusion<br />Verylikelyanincrease of the premiums<br /> -> causedbyearthquake and tsunami in Japan <br /> + other disasters thatcausedmanydamages<br />The insurancemarketwill have a hard time <br />

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