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Increasing natural disasters necessitates new approach to CAT cover

August 01 2022 By Medgee Ithier medgee ithier, natural catastrophes, reinsurance, insurance

Incidences of natural catastrophes the world over are increasing year on year. One catastrophic modelling company predicts that catastrophe losses will double every decade. This is forcing insurers and reinsurers to relook at the way they model and underwrite these risks. Natural catastrophes are large-scale geological or meteorological events that have the potential to cause loss of life as well as damage to infrastructure and property. Natural ...