Fintech PR
Catastrophe Insurance Market Projected to Reach $211.60 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, March 22, 2024 /PRNewswire/ — The report titled “Catastrophe Insurance Market by Type (Catastrophic Health Insurance, Earthquake Insurance, Flood Insurance), Catastrophe Type (Man-made Events, Natural Disasters), Coverage, Providers – Global Forecast 2024-2030“ is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $156.56 billion in 2023 to reach $211.60 billion by 2030, at a CAGR of 4.39% over the forecast period.
“Navigating the Future with Enhanced Catastrophe Insurance: A Global Perspective on Risk Mitigation and Recovery“
In the ever-evolving global risk landscape, catastrophe insurance stands as a pivotal safeguard, offering comprehensive protection to individuals and organizations against the financial devastations elaborated by unpredictable, large-scale events. These include natural calamities such as earthquakes, floods, hurricanes, and man-made disasters such as terrorist attacks. The significance of catastrophe insurance is deeply rooted in its capability to buffer financial shocks for both insurers and the insured, facilitating swift restoration and stability in the consequences of a disaster. The demand for these insurance solutions is intensifying, driven by the increasing frequency and severity of natural disasters attributed to climate change, rapid urbanization, and the escalating value of assets in areas vulnerable to such catastrophes. Although challenges such as the complexity of accurately pricing policies in an era of climate uncertainty exist, advancements in technology for risk assessment and the development of inclusive, multi-peril coverage options are paving the way forward. Different geographic regions exhibit varying demands and responses to catastrophe insurance. In the Americas, recurring hurricanes and wildfires have led to a surge in insurance uptake, while in the European Union, recent natural disasters have spurred a heightened demand for more robust coverage. Further, the Asia-Pacific region, particularly Japan and China, is experiencing significant market growth due to heightened awareness and regulatory encouragement toward disaster-risk insurance. This global overview underscores the critical role of catastrophe insurance in fostering resilience and continuity in the face of adversity, forecasting a proactive approach toward mitigating risks and securing futures in uncertain times.
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“Climate Change Escalates Catastrophe Risk, Underscoring the Urgent Need for Adaptation and Insurance Solutions“
The increasing severity and frequency of catastrophic events are closely linked to the pace of climate change triggered by the ongoing accumulation of greenhouse gases in the Earth’s atmosphere. This alarming shift in the environment exacerbates natural disasters’ likelihood and intensity by driving global temperatures upwards and causing sea levels to rise, critically disrupting ecosystems. As the planet warms, extreme weather phenomena, including intensifying heatwaves, extended dry spells, and, consequently, heightened wildfire dangers, become more common. Simultaneously, the higher moisture content in warmer air precipitates heavier rainfall, heightening flood risks. Moreover, the melting of polar ice caps and the thermal expansion of the oceans contribute to the increase in sea level, elevating coastal flooding risks and intensifying the destructive power of hurricanes and typhoons. Such climatic aberrations threaten biodiversity and ecosystems, leading to habitat loss and heightening certain regions’ susceptibility to natural disasters. Coupled with changes in land use and rampant deforestation, these climatic changes alter global risk profiles significantly, thereby accelerating the need for comprehensive catastrophe insurance solutions. This reality brings to the forefront the critical importance of adaptive measures and insurance as imperative mechanisms for mitigating the impacts of climate-induced catastrophes.
“Navigating the Unpredictable: The Vital Role of Specialized Catastrophe Insurance in Modern Risk Management“
In an unpredictable world, catastrophic health insurance emerges as a pivotal safeguard, targeting primarily younger individuals and those with adequate financial reserves for handling routine healthcare costs. This insurance option offers lower monthly premiums and high deductibles, focusing on protecting against substantial medical expenses resulting from emergencies. Beyond healthcare, the landscape of specialized insurance extends to cover many natural and human-made disasters. Earthquake insurance provides indispensable coverage for seismic events, filling the gap left by standard homeowners’ policies, while flood insurance, critical for those in flood-prone zones, steps in where regular insurance steps back, offering protection for both structures and contents against water damage. The emergence of pandemic insurance, accelerated by recent global health crises, underscores the need for businesses to shield themselves against losses from widespread disease outbreaks, ensuring operational continuity and safeguarding employee welfare. Similarly, storm insurance offers redemption in the face of damage from severe weather conditions, including wind and hail. In contrast, terrorism insurance responds to the financial implications of terrorist activities for businesses in high-risk areas. Volcano insurance, though less common, provides coverage for those in the vicinity of potential eruptions, protecting against unique geological threats. Together, these specialized insurance products form a comprehensive risk management framework crucial for navigating the diverse and unforeseen challenges of the modern world with confidence and resilience.
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“American International Group, Inc. at the Forefront of Catastrophe Insurance Market with a Strong 11.92% Market Share“
The key players in the Catastrophe Insurance Market include The Cigna Group, Chubb Group of Companies, Swiss Re Ltd., American International Group, Inc., Marsh & McLennan Companies, Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Catastrophe Insurance Market“
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Catastrophe Insurance Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Catastrophe Insurance Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/catastrophe-insurance
“Dive into the Catastrophe Insurance Market Landscape: Explore 189 Pages of Insights, 384 Tables, and 24 Figures“
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Catastrophe Insurance Market, by Type
- Catastrophe Insurance Market, by Catastrophe Type
- Catastrophe Insurance Market, by Coverage
- Catastrophe Insurance Market, by Providers
- Americas Catastrophe Insurance Market
- Asia-Pacific Catastrophe Insurance Market
- Europe, Middle East & Africa Catastrophe Insurance Market
- Competitive Landscape
- Competitive Portfolio
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/catastrophe-insurance
Related Reports:
- Life Insurance Market – Global Forecast 2024-2030
- Logistics Insurance Market – Global Forecast 2024-2030
- Health Insurance Market – Global Forecast 2024-2030
About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Contact 360iResearch
Mr. Ketan Rohom
360iResearch Private Limited,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India – 411014.
Email: [email protected]
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PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.
NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.
In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.
“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”
BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.
Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies.
Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”
As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr.
Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.
Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.
Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102
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Fintech PR
Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice
LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris.
Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”
Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.
Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.
The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.
The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.
John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”
Notes for Editors
Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.
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