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No single event accounted for a majority of the losses seen during the past year, but disasters were seen across the country.
The United States experienced 18 NAT CAT events in 2022 with losses over $1 billion each, according to the NOAA.
According to a recent report from Munich Re, around $120 billion of the natural disaster losses in 2022 were insured.
Cyber insurance bonds could help meet the market's demand for capacity, while offering investors a new asset class.
Managing compliance in a more technologically enabled way will be pivotal for players across the insurance industry.
By applying new forms of analytics-driven aerial imaging technology, insurers can better identify property risks.
From cleaning data to preparing for security issues, insurers should consider these steps when moving data from one store to the next.
Learn the four keys to establishing a data-driven company culture and unlocking the potential of advanced analytics.
Climate-related disasters have become the top concern of today's risk managers.
Carriers have access to a variety of tools that will shorten the time needed for claims inspections and reduce the risk of fraud.