7. Reinsurance Market Adapts by Focusing on Resilience and Stability

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.

5. "Quiet Record Year" Yields Huge Natural Catastrophe Insurance Losses

2023 was a "quiet record year" with $93 billion in total insurance losses related to natural catastrophes, despite no major headline storms.

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.