Secondary perils cause primary impact
Source: Middle East Insurance Review | Nov 2026
Natural perils such as flash floods and wildfires, long regarded as secondary risks, are no longer back-burner concerns. They currently account for up to two thirds of annual insured losses, and have rippled through to reinsurers, with Swiss Re’s Mr Rafael Schneider pointing out that reinsurers now go beyond providing capacity to offering exposure data, accumulation management and mitigation.
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