The impact of natural The impact of natural disasters on insurancesdisasters on insurances

Martens MiekeSlidecast -

2FV6

OverviewOverviewIntroductionWhat damage is covered?The insurance premiumsReinsurersLloyd’s of LondonConclusion

IntroductionIntroductionNatural disastersBillions of expensesWho’s responsible?Insurance premiumsReinsurersLloyd’s of London

What damage is covered?What damage is covered?Japan: $15bn - $35bnEarthquake: insuredNuclear plant: uninsured

Insurance premiumInsurance premiumIt will increase?Diverse opinionsApril: certaintyEnough fundsSupport from overseas reinsurers

- Munich Re: $2.1bn- Swiss Reinsurance Co.:

$1.2bn

ReinsurersReinsurersImpact of series disasters?Well capitalized Rising rates? impact?Impact previously paid out claims

Lloyd’s of LondonLloyd’s of LondonLargest insurance market Premiums probably rising

- 2010: profits 43%- Series of natural disasters

2011: challenging yearHistory: big claims rising premiums

Revenues > claims

ConclusionConclusionSerious damage claimsStill making profitDig out into their reserves

rising premiums?Rebuilding of the affected

countries

Thanks for Thanks for listening!listening!