Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.
2 reports, 2 independent
Updated Jun 29
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- 3
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New informationRepeats or wire copies
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What happened
Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.
How it developed
Newest first. Tap a step to see who reported it.- Catastrophe losses are rising sharply and pricing is softening, leading to a market decline in the business insurance sector.Sub-event
- Meteorological data from institutions like Colorado State University is now being used to assess how climate trends are impacting the global insurance industry and its profits.Sub-event
Extreme weather losses are forcing a global reassessment of the insurance market, leading to premium hikes and withdrawals.1 source