CAT Exposed Property Continues to Drive Premiums

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.

Related Posts

According to this recent article in Insurance Journal, companies are trying to figure out how to

Cyclone Gabrielle brought heavy winds and rain to New Zealand in February of 2023. According to

AMRAE 2024 has been a productive and enjoyable conference for MAPTYCS®. We have been catching up

With an escalation in natural disaster events, property insurance costs have been increasing. As a result,

We are happy to announce that Noah Barrengos has joined our MAPTYCS® team as a Client

The World Economic Forum Global Risk Report 2024, ranks extreme weather events in 2nd place on

As we celebrate the New Year a massive earthquake hit Japan triggering tsunami alerts in the

With climate change and the acceleration of natural disasters, property risks identification and mitigation are key

Delighted to announce that we are featured in InsTech’s report “Beyond the smoke: Understanding and mitigating

We recently implemented a customizable Dashboard with dynamic indicators and widgets to display the essentials of

Risk Managers use Maptycs, our geospatial property risk management platform, to get real-time access to risk

MAPTYCS® CEO Jacqueline Legrand was onstage with Ali Smedley at the first risk management live event organized by InsTech in London. Risk managers of large organizations shared