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New Market Research Report: Insight Report: Insuring Against Natural and Man-Made Catastrophes.

[ClickPress, Sun Jan 10 2016]

Timetric's 'Insight Report: Insuring Against Natural and Man-Made Catastrophes' provides detailed analysis of insuring natural and man-made catastrophes. It provides:

* Insights into the key market trends in natural and man-made catastrophe insurance.

* Analysis of the causes behind high economic and insured losses, and the rising insurance gap in catastrophe insurance market.

* An overview of the nature of natural and man-made risk. It focuses on man-made catastrophes such as cyber risk and terrorist attacks.

* Detailed understanding of catastrophe bonds as an alternative platform to transfer risk to the capital market.

Report Highlights

* Most economic and insured losses in catastrophe insurance are attributed to natural catastrophes such as earthquakes, hurricanes and storms, which are classified as primary perils and contribute more to catastrophe loss than secondary perils such as floods, landslides, hailstorms and tornadoes. On average, only 14% of man-made disasters accounted for insured losses during 2009-2014. However, man-made disasters such as cyber risks and terrorist attacks have the potential to cause significant catastrophic losses in future.

* Natural disasters, such as earthquakes, hurricanes and winter storms, have the potential to cause colossal damage to life and property. They are defined as primary perils due to substantial economic losses they can cause. Primary perils contribute more to the total natural catastrophe losses at a global level than secondary perils. However, factors can differ at regional or country level. Secondary perils such as flood, landslides, hailstorms and tornadoes can also result in high catastrophic losses, as these are higher-frequency events, with severity varying by specific region.

* Asia is much more vulnerable to natural catastrophes than other regions and has accounted for 40% of all the world's disasters in the past decade. High population densities in low-sea-level areas and lengthy coastlines make the region vulnerable - particularly Southeast Asia. In total, 56% of the 100 cities most exposed to natural disasters are in Asia, according to risk analysis firm Verisk Maplecroft.

* The market for catastrophe bonds has reduced insurers' dependence on traditional reinsurance capital. It has also enabled insurers to build capacity to underwrite high risks associated with natural catastrophes. Catastrophe bonds reduce the reserve requirement to be maintained by the insurer, and increase insurance protection with negligible credit risk.

Full Report Details at


Report Scope

* Build insights on business opportunities for insurers to provide catastrophe insurance, as the insurance 'gap' increases.

* Analyze the growth of the catastrophe bond market and its acceptance as a mainstream financial instrument.

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Article Type:Report
Date:Jan 10, 2016
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