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

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.

10. Simple Actions by Homeowners Help Boost Community Resilience

As trends continue, policyholders are likely to face higher prices, decreased coverage availability, and increased risk retention through higher deductibles. To mitigate these issues, resilience measures are essential.

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.

1. Higher Frequency, Localized Impacts: Understanding Non-Peak Perils

Non-peak or secondary catastrophe perils are characterized by high event frequency and localized occurrences that don't typically cause large single events, unlike peak perils such as hurricanes and earthquakes.