From Convective Storms to Flood: The Growing Impact of Secondary Insurance Perils
2023 was a "quiet record year" with $93 billion in total insurance losses related to natural catastrophes, despite no major headline storms.
Underwriting is no longer as simple as relying on tools or models to generate an adequate number.
The reinsurance market plays a crucial role in managing and mitigating risks in the insurance industry.
Primary insurers should take a comprehensive approach to mitigate non-peak peril risk.
The insurance industry is increasingly communicating with policyholders and the public about non-peak perils as more severe events and losses occur.
