Catastrophe Insurance – Market Drivers and Forecasts until 2020, Reports Technavio
The research study covers the present scenario and growth prospects of the global catastrophe insurance market for 2016-2020. To calculate the market size, the report considers the global loss insured from the catastrophe insurance market in the
It is important for catastrophe insurers to understand and predict the inter-decadal and decadal variability. Therefore, it is important that the CAT modelers must quantify the risks by taking into consideration the atmospheric science and geophysical fluid dynamics. These would help them in understanding the models. Thus, it gives the right prediction to the insurer when it becomes difficult as in the case of different scenarios like predicting the occurrence of a disaster based on surface temperatures of the
Request a sample report: http://www.technavio.com/request-a-sample?report=52963
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio analysts highlight the following three factors that are contributing to the growth of the global catastrophe insurance market:
- Catastrophe bond pricing and valuation strategies
- Regulatory support for public-private cooperation on building resilient infrastructure and better risk governance
- Climatic changes
Catastrophe bond pricing and valuation strategies
The insurance industry is considered a cyclical industry. Therefore, insurers are formulating different strategies to earn positive yields and generate cash flows during the forecast period. Such strategies should bring in stable earnings year-over-year for players in the insurance industry. Catastrophe bonds help the investors to earn good returns that are uncorrelated with the broader financial markets. It helps the portfolio managers in making more informed decisions in allocating the capital and by understanding the attributes of the pricing trends. The insurance company makes use of catastrophe bonds so that it can transfer insurance risk to the capital markets.
Regulatory support for public-private cooperation on building resilient infrastructure and better risk governance
Globally huge losses are incurred due to damages caused due to natural disasters. The role of government plays a very important role wherein it requires the government to develop a comprehensive disaster management framework. One of the popular disaster management frameworks is public-private partnership (PPP) model that has become a popular way for governments to engage private sector players in strengthening infrastructure (thereby increasing the quality and providing better value for money). PPP is considered as a strategic approach to minimize the negative impacts of disasters, particularly in the developing countries.
“Top insurance firms are expected to invest more in innovative products, distribution, and service strategies. The growing size and complexity of the economy have triggered an increase in the demand for insurance against various risks. This has deepened market penetration of insurance products and may boost demand for insurance products during the forecast period,” adds Amit.
Climatic changes
Climatic changes have occurred due to the various natural and manmade disasters. Therefore, the insurance company requires not only to focus on the historical data but also to have forward projections. Climate change has brought in extreme weather events, and therefore insurance companies need to understand the change in the frequency of the extreme weather condition. Therefore, the insurance companies, reinsurance companies, capital markets, and governments are making use of various catastrophe modeling technologies.
This helps them in understanding the risk selection process, underwriting the process, risk mitigation strategies, portfolio optimization, risk transfer mechanisms, reinsurance decision-making, portfolio pricing, reserving and rate making, capital setting and exposure and aggregate management.
Top vendors:
- AIG
- Allianz
- AXA
- Berkshire Hathaway
- Lloyds
Browse Related Reports:
- Global Property Insurance Market 2016-2020
- Global Insurance Brokerage Market 2016-2020
- Global Trade Finance Market 2016-2020
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20161006005410/en/
US: +1 630 333 9501
www.technavio.com
Source:
Registration for the 3rd Annual International Cyber Risk Management Conference (ICRMC) Opens Today, in Recognition of National Cyber Security Awareness Month
UK Pet Insurance – Market Competitor Dynamics Report 2016
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News