Secondary perils caused over $57.4B in insured losses in 2020.

Secondary perils caused over $57.5B in insured losses from natural catastrophes in 2020, and have exceeded hurricane losses by 13% over the past 20 years. As risk and insurance professionals re-underwrite and reprice exposures, geospatial visualization provides a more nuanced understanding of the varying array of policies.

#risktech #insurtech #riskmanagement

https://www.businessinsurance.com/article/00010101/NEWS06/912342951/Sharp-rise-in-lower-tier-catastrophe-claims-triggers-policy-changes,-mitigation-

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