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The impact of natural disasters on insurances Martens Mieke Slidecast - 2FV6
Overview <ul><li>Introduction </li></ul><ul><li>What damage is covered? </li></ul><ul><li>The insurance premiums </li></ul...
Introduction <ul><li>Natural disasters </li></ul><ul><li>Billions of expenses </li></ul><ul><li>Who’s responsible? </li></...
What damage is covered? <ul><li>Japan: $15bn - $35bn </li></ul><ul><li>Earthquake: insured </li></ul><ul><li>Nuclear plant...
Insurance premium <ul><li>It will increase? </li></ul><ul><li>Diverse opinions </li></ul><ul><li>April: certainty </li></u...
Reinsurers <ul><li>Impact of series disasters? </li></ul><ul><li>Well capitalized  </li></ul><ul><li>Rising rates?  impact...
Lloyd’s of London <ul><li>Largest insurance market  </li></ul><ul><li>Premiums probably rising </li></ul><ul><li>- 2010: p...
Conclusion <ul><li>Serious damage claims </li></ul><ul><li>Still making profit </li></ul><ul><li>Dig out into their reserv...
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The impact of natural disasters on insurances

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Japan and insurances

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Transcript of "The impact of natural disasters on insurances"

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