While property rate increases may be slowing, CAT exposed property continues to drive premiums higher for insureds. #underwriters are not only looking at concentrations of assets in traditional CAT zones, such as the Atlantic coast and California in the US, but also globally. According to Marsh, “Property rates were influenced largely by CAT events, including earthquakes in Turkey, floods in Greece and Germany, and hailstorms in Italy.”
At MAPTYCS®, we have built a powerful geospatial tool for Risk Managers and Insurers to track and manage their property exposures for the very CAT events influencing property rates in the market today.
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