Wildfire risk is considered a ‘new major peril’ by reinsurers, says Guy Carpenter

20-10-2019

Wildfire risk is considered a ‘new major peril’ by reinsurers, says Guy Carpenter

Rob Reader, managing director Guy Carpenter

Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk.


APCIA, Guy Carpenter, Wildfire, Catastrophe, Risk Models, Reinsurance, Insurance, Rob Reader, North America

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