- Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.
- Catastrophe losses are rising sharply and pricing is softening, leading to a market decline in the business insurance sector.
- Catastrophe losses are clustering in time and space, challenging the premise of risk diversification within the global reinsurance industry.
RiskInsight 4.16 offers advanced catastrophe models relevant to the global reinsurance industry's challenges.
2 reports, 1 independent
Updated Oct 7
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
RiskInsight 4.16 offers advanced catastrophe models relevant to the global reinsurance industry's challenges.
How it developed
Newest first. Tap a step to see who reported it.KCC released a new SCS model to help reinsurers and ILS investors price and deploy capacity.1 source
Advanced catastrophe models are available for the global reinsurance industry to address loss clustering.1 source