“An ambitious amateur will rise above a complacent master.”
― Matshona Dhliwayo
Complacency will lead to major financial loss, or…The need to close the Protection Gap
Last month I watched a webinar from Advisen Ltd. titled Natural and Man-Made Catastrophes in 2015 - Calm Before the Storm? Swiss-Re was the sponsor, and it featured analysis by two distinguished gentlemen: Thomas Holzheu, Chief Economist Americas from Swiss Re, and Robert Hartwig, President of Insurance Information Institute.
If 26,000 casualties last year aren’t enough, there is some fascinating loss information and some frightening predictions if we assume that status quo continues to be the norm.
Mr. Holzheu started the webinar with results from Sigma, which is a long-term study of Cat losses globally. Some of the most salient points included: