Insurers Taking Steps to Reduce Flood Risks Worldwide, Triple-I Report Finds
Flood events cause widespread damage worldwide each year, yet insurers need partners to reduce the threat flooding poses to life and property, a report released today by the
"Risk transfer is just one tool in the resilience toolkit," said
Establishing a mindset focused on resilience and pre-emptive mitigation will require advances in two broad categories, according to
Data and Communication: A 2022
"Risk prevention based on data and behavioral science is at the top of the agenda for future-focused insurers," says
Collaboration and Innovation:
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* Raghuveer Vinukollu, Senior Vice President, Climate Resilience and Solutions Lead,
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REPORT: https://worldinsurancereport.com/propertyandcasualty/pdf/WIRPandC_2022_vFinal.pdf
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Original text here: https://www.iii.org/press-release/insurers-taking-steps-to-reduce-flood-risks-worldwide-triple-i-report-finds-092222
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