Professional services firm partner predicts a ‘pretty expensive year’ for the reinsurance sector as secondary perils drive up losses
The growing prominence of loss events arising from secondary perils could cause reinsurers to “misunderstand or underprice” their exposure because models for these risks are less developed compared to primary peril modelling, according to Jim Bichard, partner and global insurance leader at professional services firm PricewaterhouseCoopers (PWC).
Explore more news content here
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.