Reinsurers to cap on liability claim for disasters

The global reinsurers are thinking to impose a limit on the maximum liability that non-life insurers can claim for a catastrophe as a result of huge claims from natural calamities in Japan, Thailand and Australia last year. GIC Re the indian reinsurer is also planning to put a cap on catastrophe insurance limit. Read more

Governments playing a greater role in insurance industry

More and more governments are leveraging private insurance skills and the growing capacity of the sector to cover catastrophe losses as well as a wide range of other risks, Swiss Re reveals in its latest sigma research publication. Read more