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Deep Market Research Report On “”Insuring Against Natural and Man-Made Catastrophes” Which provide catastrophe insurance market is more prevalent in developed countries, as most of the insured loss emanates from developed regions, particularly the US. This is due to a higher rate of catastrophe insurance penetration into these markets compared to developing regions.

Deep Research on ”Timetric’s ‘Insight Report: Insuring Against Natural and Man-Made Catastrophe’ analyzes the market for natural and man-made catastrophe insurance, in the midst of increasing frequency and severity of catastrophic incidents.However, the most economic loss due to natural catastrophes emanates from developing economies due to underinsurance of catastrophe risk. Part of this is due to relatively immature nature of insurance markets in developing markets, meaning lack of catastrophe insurance availability.

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Multilateral institutions, such as the World Bank, are playing a significant role in building the market for catastrophe insurance in developing economies, which tend to lack the expertise to understand and insure complex risks attached to natural and man-made catastrophes. Multilateral institutions can empower governments and insurers to offer catastrophe insurance by providing both capital and expertise.

Related Reports On “Insurance”

Governance, Risk and Compliance – Austrian Insurance Industry:
http://www.radiantinsights.com/research/governance-risk-and-compliance-austrian-insurance-industry

Governance, Risk and Compliance – The Lebanese Insurance Industry:
http://www.radiantinsights.com/research/governance-risk-and-compliance-the-lebanese-insurance-industry

The report also discusses in detail the efforts made by insurers and governments to fill the insurance ‘gap’ between economic and insured losses, signifying global opportunities for the insurance industry. Insurers, government and multilateral organizations are making a concerted effort to confront challenges in the catastrophe insurance market through a process of product innovation and deployment of new technologies.

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