Natural Catastrophes Audio Briefing (April 2011)

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The Japan earthquake and Tsunami is now being reported as potentially the largest economic loss in history. It has caused debate and uncertainty in the insurance market as the potential cost and disruption to supply chains becomes more apparent.

Coupled with the recent earthquakes in Chile and New Zealand, and the floods in Queensland, the recent run of natural catastrophes has the potential to harden the reinsurance and insurance markets and cause headaches for insurance buyers.

Recorded on the 6^th April, this podcast offers listeners:

• A view from Japan about the 1st April reinsurance treaty renewals and the manufacturing and supply chain outlook

• An update on the insurance market conditions and our experience from the 31st March renewal season

• Advice to those organisations that are preparing for insurance renewals in the coming months

• An insight into the some of the claims complexities, particularly contingent business interruption, and some claims management lessons from past losses.

The podcast lasts for 50 minutes and is hosted by Mark Drummond-Brady, International Chairman for Risk and Insurance, JLT Group plc, alongside a panel of experts from across JLT.