In the new Natural Catastrophe Report 2022 from ICMIF Supporting Member Gallagher Re, readers will find a summary of the major catastrophe events that occurred in each region around the globe in 2022, detailing the financial loss, fatalities and other major considerations.
Throughout 2022, the world saw another year of impactful natural catastrophe events that once again brought into focus the need to better account for the growing risks these hazards bring, says the report. The challenges brought by climate change, inflation, social inflation, claims litigation, and further exposure growth into vulnerable areas for disaster risk only further enhanced the resultant impacts seen.
Readers of this report can expect to:
- Explore overview of global and regional catastrophe hazard and loss drivers
- Learn which regions have undergone higher annual losses
- Better understand climate change influence on individual behaviour and impacts
Download the Natural Catastrophe Report 2022 here.
The latest Gallagher Re Global InsurTech Report Q4 2022 has also just been published. The report continues this year’s theme of ‘Geographic Trends and Regional Idiosyncrasies’, with a review of global activity and conclusion of the 2022 series through an InsurTech lens.
More specifically authors of the report have focused on those technology firms and practitioners which are committed to the issues of climate change, energy and ESG-related topics.
Key findings for Q4 2022 in the Insurtech Report are:
- Quarterly insurtech funding for Q4 fell to the lowest level since Q1 2020, decreasing 57.0% quarter on quarter from USD 2.35 billion in Q3 to USD 1.01 billion in Q4.
- Insurtech deals dropped to 106 in Q4, the lowest number of deals since Q4 2020.
- Mega-round funding fell 89.7% quarter on quarter, from USD 1.48 billion in Q3 to USD 153 million in Q4.
- Funding increased 46.5% quarter on quarter for early-stage L&H insurtechs, from USD 145.84 million in Q3 to USD 213.64 million in Q4.
- Annual funding for insurTech halved between 2021 and 2022, decreasing 49.5% year on year from USD 15.80 billion in 2021 to USD 7.98 billion in 2022.
- 2022 saw USD 6.51 billion less in mega-round funding than 2021 – a 66.7% year on year drop.
- 2022 was the first year to see an overall year on year drop in InsurTech investment since 2016.
Download the Gallagher Re Global InsurTech Report Q4 2022 here.
