Less than 30% of the total losses produced by Nat Cat events worldwide are insured losses. In Europe, although the overall situation seems to be better than in many parts of the world, recent examples show that there is still much to do in order to reach a proper coverage degree for the Nat Cat risks.

For example, only 61% of the losses caused by the 2016’s summer floods which affected the Central and Western Europe have been covered by insurance, while of the about EUR 20 billion economic losses recorded by Italy following the three earthquake sequences that have shaken the country in 2016 and the beginning of 2017, only less than 1% were covered by insurance.

In this context, IIF2017 – “PROPERTY Insurance – The NatCat Challenge” will focus on two major topics:

  • The most appropriate solutions to decrease the property insurance gap, considering the lessons learned from the latest European Nat Cat events
  • The role payed by the technological advance in both improving Nat Cat contracts’ underwriting and streamlining claims managementwill also hold a frontline position on the event’s agenda.

Top professionals representing the most relevant re/insurance entities, digital technologies providers, claims adjusters and risks modelling experts will share their experience during the conference.

Organizers
With the offcial support
gdv
Partner
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Media coverage
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