Natural & Man-Made Catastrophe Insurance Sector Reviewed in In-demand Timetric Report Now Available at MarketPublishers.com11 Jan 2016 • by Natalie Aster
LONDON – The catastrophe insurance sector is more widespread in the developed world, as the majority of the insured loss comes from developed regions, especially in the USA. This is owing to higher catastrophe insurance penetration rates in these markets as against developing nations. Greater property values and bigger accumulation of insured assets in areas exposed to catastrophes are responsible for considerable insured losses in developed regions. However, the great economic loss from natural disasters stems from developing economies due to underinsurance for catastrophe risks. This is partly due to the relative immaturity of insurance markets in developing regions, which indicates the absence of catastrophe insurance availability.
Multilateral organisations, like the World Bank, are playing an essential part in building the catastrophe insurance market in developing countries, which tend to fall short of the expertise to understand and insure complex risks related to catastrophes, natural and man-made alike. Multilateral organisations are able to empower governments and insuring companies to offer catastrophe insurance by providing both expertise and capital.
Topical report “Insight Report: Insuring Against Natural and Man-Made Catastrophes” drawn up by Timetric presents a comprehensive analysis of the natural and man-made catastrophe insurance marketplace. It gives true, unprejudiced insights into the key market trends in the market; contains an in-depth analysis of the various causes lying behind high insured and economic losses, and the growing insurance gap in the catastrophe insurance market; as well as gives a deep overview of the nature of natural and man-made risk. The research report focuses on man-made catastrophes like terrorist and cyber risk attacks. The study provides a refined understanding of catastrophe bonds as an alternative platform for transferring risks to the capital market.
Insight Report: Insuring Against Natural and Man-Made Catastrophes
Published: December, 2015
Price: US$ 3,800.00
More reports by the publisher can be found at Timetric page.