COULD POLITICAL RISK BE THE NEXT SOURCE OF CAT LOSS INFLATION?
June 9, 2021 ♦ 12 Noon – 1:30 pm (EST) ♦ Powered by Zoom
Thomas Johansmeyer, Head of PCS – a Verisk Company
PCS has noted the phenomenon that catastrophe losses seem to be getting larger and more frequent. Mr. Johansmeyer will discuss PCS’s observations that in recent years political risk indicators, such as post-event legal and regulatory actions, have played a factor which has, and likely will, impact future insurer/reinsurer risk and capital management decisions.
The number of catastrophe events designated by PCS®, a Verisk business™, in the United States has reached record-setting territory every year for the past five years. And the number of events reaching an industrywide loss threshold of at least US$1 billion has reached record levels in 3 of the last 4 years.
Tom Johansmeyer runs PCS, a Verisk business. Under his leadership, PCS has expanded from North America to Japan and Asia Pacific, Latin America, and Turkey. Tom also launched PCS’s foray into global cyber, marine and energy, terror, and large property risk losses. Before PCS, Tom held re/insurance industry roles at Guy Carpenter and Deloitte.
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