Whether it will be a refreshing summer rain, a menacing thunder storm or a full-blown hailstorm – even the weather experts can only make an educated guess at what that particular cloud in the sky really has in store.
In his second article for Asia Insurance Review (AIR), Allianz Re CEO Amer Ahmed looks at measures the industry can take to ensure that coverage of these exposure remain available and affordable while remaining commercially viable.
Hurricane Sandy has the Eastern Seabord of the United States on alert. The public transport systems, including the New York City subway, have been shut down as a precaution, airports are minimizing operations, people are stocking up on groceries, schools are remaining closed and so is the New York Stock Exchange.
As the drought across America sends food prices skywards for the third time in five years, extreme weather and market volatility are again battering the global food system. Crop insurances protect farmers. What measures can protect global food security?
The summer storm season in Europe has begun. On the weekend of June 30th, storms swept across Germany, leaving behind a path of destruction. There were even some lives lost. Dr Markus Adams, a natural catastrophe expert at Allianz Reinsurance, talks with allianz.com about the events, climate change and how to act during a storm.
Allianz is active in many areas to secure the supply of food worldwide. Its commitments include innovative insurance solutions and early-warning technology in countries where agriculture is especially important.
It was one of the most devastating natural disasters of the last decade: the earthquake and following Tsunami in Tohoku, Japan, on March 11th 2011. With a magnitude of 9.0, this earthquake was the strongest ever recorded in Japan and one of the strongest recorded anywhere in the world.