Demographic changes a bigger driver of cat loss ramp-up than climate: Triple-I
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Demographic changes a bigger driver of cat loss ramp-up than climate: Triple-I

Farhin Lilywala
15 July 2022
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War zone

Demographic changes have contributed more to rising catastrophe-related claims and loss than changes in weather and climate, according to a brief from the Insurance Information Institute.

In a new report, the body said that the number of tropical cyclones has actually decreased over the past 30 years, but it said the damage is increasing due to more people migrating to cat-exposed areas since the 1940s.

The...

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Farhin Lilywala
Section Editor, Distribution & Specialty
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