Reinsurance

In 2023, cat bond issuance reached an all-time high of $16.4 billion, according to Artemis.

Insurance organizations are urged to 'offer innovative products that meet clients' changing needs.'

The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.

Cat bonds are rising in popularity as their returns trounce those of virtually all other debt markets.

Cedents with bad data typically aren't offered tailored reinsurance portfolios, which often have more favorable terms.

Underwriters, however, remain wary about the potential impact of climate-driven disasters.

A report from USAA found these states to have the least distracted drivers on their roadways.

Reinsurance allows a primary carrier to pass, or cede, a portion of its liabilities onto another company.