The investment, made through corporate venture arm Firemark Ventures, will give customers 24/7 mental health and safety support during natural disasters and major incidents.
(Re)in Summary
• NOAA has declared El Niño has developed in the tropical Pacific, issuing an El Niño Advisory on 11 June.• Forecast models give a 63% chance of a ‘very strong’ event...
The association is prioritising distribution oversight, strengthening corporate risk management, and advancing digital and regulatory reforms amid mounting catastrophe risks.
Low insurance take-up should cap insured losses, but the event may add scrutiny to the net retention strategy cedents have pursued in response to rising reinsurance costs.
