The landscape of hail risk management is undergoing a significant transformation. Our latest publication, "Hail Risk 2024: An Interactive Guide for Insurers," offers a critical examination, illustrated with compelling data, of the factors contributing to the alarming rise in hail-related losses over the last decade. Major changes to how hail is understood have changed how insurers should view the peril. This guide isn't just about understanding hail risk; it's about redefining how it is managed in the insurance industry.
Why This Guide is Indispensable:
- Losses Rising — Understand the key factors driving record-breaking hail losses, and why there's more to the story than just "climate change."
- Reinsurance — Learn why insurance carriers now shoulder more of the burden due to changing risk transfer relations.
- The Right Tools — Explore how AI-based climate risk models are supplementing stochastic and actuarial models for a full picture of climate risk.
- Actionable Steps — See how leading carriers are applying granular, property-level insights and learn the proactive steps they're taking to mitigate risks and losses.
Ready to get up to speed on hail risk in 2024? Access the guide.