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The bottom line of catastrophe: How catastrophic (CAT) events are impacting the insurance industry worldwide


In this new series of spotlight articles, we look at how CATs are affecting different countries all over the world. These are snapshots of various countries CAT history and are designed to give the reader a basic understanding of the relevant issues. First on the list is Canada. In 2023, severe weather was responsible for……

Floods in the South of Germany in June 2024: Highly Complex Business Interruption Losses


At the beginning of June 2024, unusually high precipitation occurred in large parts of southern Germany. This resulted in flooding and in property damage to residential and commercial properties over a large area. Initial estimates provided by the German insurance industry body GDV place the total value of insured damage in the range between 2……

Predictions for the 2024 Hurricane Season: Implications for the Insurance Industry


“May 2024 (Tortola): it’s currently 30 degrees (Celsius) down there…” I’ve been very fortunate to experience first-hand the beauty of the Caribbean over the past few years, but you could imagine my surprise, when the diving instructor mentioned the above water temperature as we prepared for our final dive to become PADI certified at our……

How is Electrification Disrupting the Energy Sector?


One of the biggest trends shaping society today is the widespread adoption of Electric Vehicles (EVs). While Tesla pioneered this movement as a disruptor, nearly every automobile manufacturer worldwide is now actively developing its own electric vehicles. Governments have implemented measures to encourage the uptake of EVs, aiming to improve air quality, mitigate noise and……

A Day In The Life Of A Forensic Accountant


Bhurima Tienwuttinun, ACMA, CGMA, Director at Matson Driscoll & Damico (Thailand) Co. Ltd recently shared with FutureCFO audiences what a typical day is like for a forensic accountant and her passion for teaching. FutureCFO: What does a typical day look like for you? Bhurima Tienwuttinun (BT): A typical day in my role as a forensic……

How Can a Forensic Accountant Assist With a Dairy Farm Loss?


How can a forensic accountant assist with a dairy farm loss? Typically, a trigger event causes a farm to impede its operations. MDD may be retained when this occurs to quantify the loss from milking operations or other aspects. Background on the Dairy Farm Industry Looking at historical dairy farm statistics, we can see that……