June 2017

Understanding how climate change affects the severity of extreme weather phenomena is something we care deeply about at AIR, as it is part of our mission to help companies make more informed decisions and, ultimately, to help make society more resilient in the face of natural disasters.

The 2018 United States Farm Bill is certain to have a significant impact on agricultural and food programs across the country. The 2018 Farm Bill was a continuous topic of conversation presented at the AIR Crop Insurance Symposium in Boston, Massachusetts.

You've probably heard the terms business interruption (BI), contingent business interruption (CBI), and Product Value at Risk (PVaR) thrown around in the context of supply chain disruptions. What exactly do these terms mean and how can each of them be quantified?

In today's world we are experiencing rapid changes in the amount of data that insurers are gathering and analyzing. The number of internet-connected devices and sensors is projected to reach 50 billion by 2020 and drones are expected to have a USD 6.8 billion impact on the insurance industry.

No pun intended, but there's no question that climate is a hot topic these days. Every week, you likely come across articles describing new research into the earth's warming, or how certain cyclical effects are having an impact on the weather.

If you are like most (re)insurers, you likely write an equivalent amount—or perhaps even more—casualty insurance premiums than property insurance premiums. Logically you need to ask yourself, why are you investing so unevenly in analytics across both sides of your business?

One of the most devastating events for a country is warfare, which has many of the same effects as a natural disaster (damaging infrastructure, disrupting health systems, displacing populations, increasing demand on medical resources, and limiting skilled health professionals)—either through violence or emigration.

Hail is a significant driver of crop damage in Canada, leading to an average CAD 200 million of losses per year to the private crop hail insurance industry in the Prairie Provinces of Alberta, Saskatchewan, and Manitoba alone. How can crop hail insurers better prepare for seasons to come?

Who doesn’t want to go fast...at least in theory? In conversations with a broad cross section of our (re)insurer clients, we've found that many still operate at a slower pace, particularly as compared to the rest of the financial services industry.