Insurers Dodge a Bullet on Q1 Catastrophes

Although insurers’ exposure to costly catastrophes in the first quarter of 2012 was much less severe than what they experienced in the same period a year ago, they are facing new and complicated challenges in areas as diverse as healthcare claims, mobile security and domain/brand protection. Here’s some of what was top of mind for the industry this past week.

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1. Reprieve (For Now)

…The first quarter of 2012 appeared benign, and any cat losses were, in general, much smaller in relation to the insurer's total equity.

— Thomas Mason, senior analyst at SNL Financial, on how the first quarter of 2012 has been far less devastating for insurers than was the same period of 2011, based on initial loss estimates.

Source: SNL Financial

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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