1. Insurance VS natural disasters by Kelly De Boeck

2. Overview The consequences of the earthquake and tsunamiforJapaneseinsurers The impact of natural disasters onglobalreinsurers Lloyd’s Conclusion

3. ConsequencesforJapaneseinsurers Total damage + 25 billion yen -> record Use reserves and public funds Help fromoverseasreinsurers -> Munich Re willgive 1,5 billion dollars Within a monthannualdiscussionsabout premium rates -> fear

4. ConsequencesforJapaneseinsurers Japaneseinsurers pass on 70% to 80% to overseasreinsurers -> doesn’t look goodworldwide Also a nuclearcatastrophe -> must not cover the damage

6. The impact onglobalreinsurers Generally, insurancemarketsvarydependingon the circomstances Trudgill: dependon the totalcost

7. Lloyd’s Ward: 2011, a realchallenge Notexcludeincrease of premiums A fact: large claims in the past have led to premium increases

8. Lloyd’s - 43 %

9. Conclusion Verylikelyanincrease of the premiums -> causedbyearthquake and tsunami in Japan + other disasters thatcausedmanydamages The insurancemarketwill have a hard time