Catastrophic Losses & Rising Global Flood Insurance Risks: $135 bn in 2024
2024 is on track to become the hottest year recorded. A warming climate has intensified natural catastrophes, especially in Europe, which faced severe flooding
“Catastrophe Exposure” on Beinsure focuses on the risks and financial impacts associated with natural disasters and large-scale catastrophic events. This category provides insights into how insurance companies assess, manage, and mitigate risks from events such as earthquakes, hurricanes, floods, and wildfires. It covers topics such as catastrophe modeling, risk assessment tools, and the role of reinsurance in protecting businesses and economies from significant financial losses.
With expert analysis and industry reports, this section highlights emerging trends, regulatory updates, and advancements in technology that help insurers better understand and respond to catastrophic risks. Readers will gain a comprehensive understanding of how the insurance industry prepares for and addresses potential large-scale losses, ensuring resilience and stability in the face of unpredictable natural and man-made disasters.
2024 is on track to become the hottest year recorded. A warming climate has intensified natural catastrophes, especially in Europe, which faced severe flooding
Verisk report: Global Modeled Catastrophe Losses. The current challenges the global reinsurance industry faces in addressing recent catastrophe losses
Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance
The past year and half have seen major changes in the global Reinsurance Property Catastrophe (CAT) market
A new net line size requirement has been introduced specifying that the maximum net line size that a syndicate may have on an individual risk cannot exceed 30% of ECA