For years, reinsurers have categorized less severe natural events, such as flood or bush fire, as “secondary perils” that receive less thorough monitoring than catastrophe events such as hurricanes and earthquakes.
It is time to perform comprehensive evaluations for all perils, argue Gallagher Re’s Analytics team in their Italian case study. Aggregated losses from secondary perils as well as quantitative analysis of natural catastrophe in Italy illustrate the need for holistic modelling for all weather-related and seismic events, and how Gallagher Re’s team can uniquely provide clients with a comprehensive view of risk for natural disasters.
To learn more, download the report.
