Cumulative losses from severe convective storms now exceed those from hurricanes, challenging the traditional classification of these events as ‘secondary perils,’ according to Allianz Commercial.
Secondary perils accounted for a record 92% of global insured natural catastrophe losses in 2025, and trend-line projections point to $148 billion in 2026, according to Swiss Re Institute.
Investors deployed record $24.7 billion in catastrophe bonds during 2025, with booming demand from capital inflows and limited loss activity: Swiss Re.
The 2026 FM Resilience Index reveals that emerging physical risks — particularly water stress and fire hazards — are creating blind spots for businesses planning expansion and operations.
The 2025 Los Angeles fires revealed that catastrophic losses aren’t determined by ignition probability alone, but by whether a fire can scale into a resource-overwhelming event: Delos.
Allianz Risk Barometer shows cyber incidents maintaining top spot for fifth consecutive year, while AI surges to second position amid interconnected business challenges.
More than two-thirds of executives feel more stressed in 2025 than the prior year—driven in part by the rising frequency and severity of extreme weather events. Insurance experts say proactive planning and comprehensive coverage strategies can help businesses build resilience against these growing environmental threats.
With billion-dollar disasters now averaging 23 per year, the Associate in Catastrophe Risk and Resiliency™ program addresses the industry’s urgent need for specialized catastrophe risk management expertise.