Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More: Civil Unrest.

Insurers and reinsurers are using predictive models to assess the risks associated with civil unrest, as the number of claims from such events has increased in recent years. Verisk Maplecroft has developed a model that estimates the number of properties affected during protests, helping underwriters identify high-risk locations. It is important for insurers to have clear contractual wordings to avoid coverage gaps and legal disputes. The insurance industry is adopting a more cautious approach to risk, but still prioritizes maintaining relationships with clients and providing coverage. There is now a greater emphasis on discussing clients' risk practices and mitigation strategies. [Extracted from the article]

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