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Webinar: Earthquakes – An Existential Threat & Opportunities for Parametric Earthquake Cover
2021-12-20

Webinar: Earthquakes – An Existential Threat & Opportunities for Parametric Earthquake Cover

An ever present but unpredictable existential threat, earthquake risk represents a significant exposure for corporates, public entities and global supply chains. Despite the ever-present risk of earthquakes and secondary crises in many regions, less than <20% of earthquake related losses were covered by insurancc. This includes the last decade, in which we witnessed some of the strongest earthquakes on record.  Market conditions, increasing deductibles and ever tightening capacity restrictions serve to exacerbate this earthquake coverage gap.

In response, parametric earthquake cover has emerged as a robust alternative risk transfer solution for businesses and public entities to build resilience against earthquake risk.

On October 20th, 2021 Colin Harper, Senior Business Development Manager, North America at Descartes Underwriting joined industry experts Michael Korn, Managing Principal, National Property & Marine Practice Leader of EPIC Insurance Brokers & Consultants and Jacob Choi, Vice President, Parametric & Weather Solutions for Marsh in a lively roundtable discussion about:
  • current earthquake exposure trends
  • impacts on the insurance industry, and
  • applications for parametric coverage

The session was held live and included a rich series of Q&A. Don’t miss your chance to re-watch the conversation and learn how parametric earthquake covers are primed to address the evolving earthquake peril in North America and beyond. Click HERE to watch on-demand!