EigenRisk featured in InsTech’s recent report on “Beyond the Smoke: Understanding and Mitigating Wildfire Risk”
We are delighted to share that EigenRisk is featured in InsTech’s recent report on “Beyond the Smoke: Understanding and Mitigating Wildfire Risk.”
Wildfires are growing in severity and intensity. Since 2013, they have cost the insurance industry over $70 billion. But wildfire has traditionally been thought of as a ‘secondary peril’—is it due to a promotion to ‘primary peril’?
Political issues, such as regulatory requirements for providing coverage in California, are also putting wildfire risk high on the insurance industry’s agenda.
This report reviews how wildfire risk has been changing over the years and what has been happening within insurance and risk management.
InsTech’s latest report will help you to:
- Identify the key causes of wildfires and their impacts
- Understand the new wildfire modeling approaches for improved risk selection and pricing
- Learn what parametric wildfire products insurers are already offering
- Stay ahead of trends by understanding how technology such as satellites and sensors can be used to mitigate wildfire risk and create new products.
