Property Losses from Catastrophes Are Getting Worse
White Paper Summary
Increasing intensity of natural disasters and more unpredictable weather has made managing property exposures more challenging than ever.
Climate scientists say the 2017 hurricane season — the most expensive in U.S. history — could be a harbinger of more severe storms to come. The slowly rising sea level is contributing to more frequent flooding, and NOAA predicts that severe floods are likely to worsen. Wildfires, fueled by parched forests and high winds, are trending up in size as wildfire seasons grow longer.
However, more sophisticated technology and data analysis tools can help risk managers more proactively assess and mitigate their exposures.
To learn more about AXA XL, please visit their website.