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8. Clients Demand Clarity on Insurers' Risk Assessments

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The primary question clients ask is about the insurance company's view of risk, particularly because there is no standard approach to pricing, capacity, or terms and conditions for non-peak perils.

 

4. Beyond Models: The Importance of Underwriting in Non-Peak Perils

Underwriting is no longer as simple as relying on tools or models to generate an adequate number.
 

6. Syndicated Programs Are a Solution for Non-Peak Peril Insurance Coverage

Customers are adjusting their deductibles and terms and conditions, either willingly or out of necessity, to purchase insurance due to inadequate coverage for non-peak perils.
 

9. Policyholders Become Their Own Risk Managers

The insurance industry is increasingly communicating with policyholders and the public about non-peak perils as more severe events and losses occur.
 

7. Reinsurance Market Adapts by Focusing on Resilience and Stability

The reinsurance market plays a crucial role in managing and mitigating risks in the insurance industry.
Copyright © 2024 A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.