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The impact of natural disasters on insurances Martens Mieke Slidecast - 2FV6
Overview Introduction What damage is covered? The insurance premiums Reinsurers Lloyd’s of London Conclusion
Introduction Natural disasters Billions of expenses Who’s responsible? Insurance premiums Reinsurers Lloyd’s of London
What damage is covered? Japan: $15bn - $35bn Earthquake: insured Nuclear plant: uninsured
Insurance premium It will increase? Diverse opinions April: certainty Enough funds Support from overseas reinsurers 		- Munich Re: $2.1bn 		- Swiss Reinsurance Co.: $1.2bn
Reinsurers Impact of series disasters? Well capitalized  Rising rates?      impact? Impact previously paid out claims
Lloyd’s of London Largest insurance market  Premiums probably rising 		- 2010: profits    43% 	- Series of natural disasters ,[object Object]
History: big claims      rising premiums
Revenues > claims,[object Object]

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the impact of natural disasters on insurances