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In a rapidly changing world where natural forces are reshaping the landscape of risk, the insurance industry takes centre stage, confronting unique challenges and pioneering creative solutions.
The increased risk of fire in winter is borne out by insurance statistics: fire-related property insurance claims rise sharply during the colder months as people take steps to warm offices and buildings. It is therefore important to ensure that homes and businesses are fully protected against this risk.
As governments and global think tanks go back and forth tackling the climate change phenomenon, insurers and reinsurers are struggling to keep up with the claims load arising from flood, hail, landslide, severe convective storm (SCS) and wildfire events.
The strongest deterrent against FSP compliance missteps is or should be: