With renewal season well underway, Allianz Re keeps its focus on prudent risk assessment and disciplined underwriting. CEO Amer Ahmed looks back at 2011 and the challenges faced by reinsurers in an interview with trade magazine "Reactions".
In the late summer of 2002 Dresden was severely flooded, Prague’s old town and vast areas of countryside were under water. Ten years later, David Maréchal, senior hydrologist in the Allianz Re team for catastrophe research, speaks about what exactly happened back then in Germany, Austria and the Czech Republic, the role of climate change and the reasons rising exposure.
Taking earthquake precaution remains key to minimize damages when the earth starts shaking - even in areas that are not necessarily at extreme hazards. Allianz expert Sibylle Steimen takes a look at the risks related to earthquakes.
At 3:38 p.m. local time, an 8.6 magnitude earthquake occurred 400 km out of the coast of Sumatra. A second massive aftershock occurred a few hours later. A tsunami warning had been issued immediately but was cancelled a few hours later. Sibylle Steimen, seismologist and head of cat risk management at Allianz Re, shares some facts about the event.
The worst flooding in German post-war history took around 60,000 people by surprise exactly 50 years ago, hitting the entire North Sea coast in the middle of the night - because the dikes were unable to withstand the pressure, the massive of water generated by strong winter storm killed 347 people. 6,000 houses were either fully or partially destroyed and many thousands of people lost their worldly possessions.
Satellite imagery of farms will help prevent famines, fight climate change and revolutionize precision farming and agricultural insurance, says Thomas Heintz, agricultural scientist and Head of the Agricultural Division at Allianz R
A 7.2 magnitude earthquake struck the Van region in southeast Turkey on October 23. Several hundred people died, thousands of buildings collapsed. Seismologist Dr. Sibylle Steimen from the Catastrophe Risk Management team at Allianz Re explains the causes and how better enforcement of building codes could save thousands of lives.