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Stephen Young & Aleksandra Borodina – Collaboration needed to meet challenge of new primary perils
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Does the rising impact of perils outside of hurricane and earthquake on the re/insurance industry mean they are no longer ‘secondary’?
“With secondary perils like wildfires and floods now responsible for 67% of natural peril insured losses in 2023, these risks can no longer be viewed as secondary. The re/insurance industry must prioritize collaboration to improve risk modelling and management as these threats continue to escalate.”
Read the full article here: Collaboration needed to meet challenge of new primary perils : Insurance Day
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