Natural disasters from climate risk caused over $210 billion in losses in 2020, representing an almost 44% increase from 2019. With less than two-thirds of those losses being insured, risk and insurance professionals should be proactive in protecting their organizations as the same trend of greater climate risk continues in 2021.
The rise in insurance pricing, client expectations, and climate risk frequencies all demand updates to traditional risk assessment models heading into 2021. Reassessing...