Catastrophic insurance claims are 41% above the historical average

Catastrophic insurance claims are 41% above the historical average

With the proximity of the Atlantic Ocean hurricane season, accident rates are more likely to exceed 2021 budgets

Policy

According to a new report by multinational investment bank Jefferies, catastrophic insurance claims are 41% above the historical average, and with the proximity of the Atlantic Ocean hurricane season, claims rates are more likely to exceed budgets. 2021, reports the Reinsurance News website.

In this regard, the president of CNseg, Marcio Coriolano, stated that “the Jefferies diagnosis reinforces the relevance of insurance for society as a whole. It is increasingly necessary to manage climate risks accurately, quantifying their impacts and, above all, preventing and reducing damage from natural disasters. The knowledge and available tools are fundamental allies to face the severity of catastrophic events”.

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