Asia Insurance Post: Global annual average cat losses rise almost eight times in 50 years

Higher insurance penetration usually speeds recovery from natural disasters, but not in the US due to a fragmented insurance market, says new report from the Centre for Risk Studies at Cambridge Judge Business School. “The report looks mostly at vulnerable communities, but there also are clearly lessons for corporates in terms of preparing for catastrophe, investing in ways to recover more quickly, and more effective decision-making and implementation if disaster strikes,” said Professor Daniel Ralph.

Read the full article [asiainsurancepost.com]