(Image credit: Slon Pics.)
“It was the best of times, it was the worst of times.”
The introduction from Charles Dickens’ “A Tale of Two Cities” may be an apt description of today’s property insurance landscape. While numerous opportunities exist, insurers face a variety of challenges—some often unforeseen.
What are they up against?
Weather-related loss incidents are increasing in both frequency and severity thanks to changing global climate conditions that spark difficult-to-contain wildfires and significant rain/storms/flooding. COVID-19 flashed a bright light on coverage gaps and the need for new, more innovative, and flexible insurance offerings. Cybersecurity threats have become commonplace –