In the latest edition of the Property Insurance Power Panel, industry experts from Gallagher and EPIC Insurance Brokers shared insights on key issues affecting property insurance, particularly in areas prone to natural disasters. The discussion highlighted the rising costs of reinsurance and the importance of preparing finances in regions that face significant natural catastrophes.
The panel also explored the current state of market capacity, noting how it has been impacted by recent events. A significant focus was placed on the growing role of technology in assessing claims. Experts emphasized that advancements in technology are changing how claims are evaluated, making the process more efficient and effective.
This event took place in the second quarter of the year, showcasing the ongoing challenges and adaptations within the property insurance sector. As the industry faces increasing pressures from natural disasters, the insights shared by these professionals provide valuable guidance for insurers and policyholders alike.
The conversation is part of a broader trend in the insurance industry, where experts are increasingly looking at innovative solutions to address the evolving risks posed by climate change and other factors. With the stakes higher than ever, the emphasis on technology and preparedness is likely to shape the future of property insurance.