Cyber Threats, Changes in Climate, and Business Interruption are Insurance Buyers' and Sellers' Top Risk Concerns, Says New Munich Re/Triple-I Survey [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
These risks are a primary concern in all five market segments surveyed, including P&C insurance carriers, P&C agents and brokers, middle-market business decision makers, small business owners, and consumers. (Source: Munich Reinsurance America Inc. and the Insurance Information Institute) Insurance professionals took a balanced view of insurance risks, while consumers focused on a select number of immediate, tangible risks such as changes in climate, cyber incidents, and natural catastrophes. (Source: RiskScan 2024 survey) Consumers and businesses recognize the actual risks yet lack understanding of the importance of adequate coverage, especially for flood and cyber risk. This knowledge gap demonstrates the continued need for education of consumers and businesses. (Source: Sean Kevelighan, CEO of Triple-I) Understanding risk concerns of customers is invaluable, and the trends and insights uncovered in RiskScan 2024 will enable the industry to better design, price, and deliver pr
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