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Canada’s secondary peril losses demand new risk management strategies: Swiss Re
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Canada’s secondary peril losses demand new risk management strategies: Swiss Re
Jolee Crosby, CEO of Reinsurance Canada at Swiss Re, highlights the urgent need for the insurance industry to respond to the increasing financial impact of secondary natural hazards in Canada. As the country faces a rise in costly floods, wildfires, hailstorms, and post-tropical storms, traditional modelling alone is no longer sufficient to manage risk effectively. In 2024, Canada experienced its most expensive year for natural catastrophe claim…
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