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ARTICLE · 13 NOVEMBER 2024

Why It's Time To Review Natural Catastrophe Models And Secondary Perils

As the world heads towards global warming, potentially beyond two degrees by 2050, we're already seeing greater volatility in weather-related natural catastrophe events...

European UnionInsurance

To outsmart the uncertainties posed by complex and inter-related physical climate risks, consider whether your current approach to modeling and assessing natural catastrophe is fit-for-purpose.

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As the world heads towards global warming, potentially beyond two degrees by 2050, we're already seeing greater volatility in weather-related natural catastrophe events, as well as an increase impact of chronic hazards, such as heat and cold stress. This is leading to increasing uncertainty in economic losses and insurability, as evidenced in our recent Natural Catastrophe review.

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