Annuities are savings-oriented financial products generally sold by insurance companies. Benefits include living benefits, death benefits, and tax benefits.
2014 was a stellar year for catastrophe bond issuances. Issuances in 1H14 hit a record high at $5.9 billion.
Reinsurers obtain capital from alternative sources in order to cushion the impact of large losses due to catastrophes or other events.
When a large number of claims arises due to a catastrophe loss, insurers face a strain on capital. Then, reinsurers may bear a portion of the burden.
The property and casualty insurance industry had a strong capital position due to its policyholder surplus at the end of 2014.
In February 2015, catastrophe losses in European countries occurred due to heavy snowfall, freezing, and floods.
Estimates of catastrophe losses in Africa exceeded $10 million in February 2015 on an economic basis.
The initial estimate of February 2015 catastrophe losses in the US crosses the billion-dollar mark.
February 2015 catastrophe losses came about due to winter weather, floods, and storms.
One of the major January 2015 catastrophes related to severe winter weather happened in the US.
Economic losses from catastrophes in 2014 were below the ten-year average of $190 billion.
Hurricanes Sandy, Ike, and Andrew remain near the top of the list of the costliest catastrophes in terms of insured losses.
Insured losses are the ones that impact the profitability of insurance companies.
Catastrophes can be natural or man-made. In this article, we will take a closer look at these types of events.
The percentage points for catastrophe losses in the combined ratio have increased in recent years.
Catastrophe losses are one of the key risks to P&C insurers because these losses negatively impact profitability and capital.
Most of the money Buffett made in stocks including Wells Fargo & Co. (WFC), Coca-Cola (KO), and IBM (IBM) is the result of long-term investing.
The majority of investors believe bonds are safer than stocks. The main reason is that bonds pay regular interest.
Will the future growth justify the current price? If the price is much higher, then it’s best to avoid investing.
Would you trust a thoroughbred to win if it had an average or worse, a poor jockey? No, you wouldn’t. It’s the same thing with the management of a company.