EXPOSURE: Issue 6

EXPOSURE magazine from RMS is an essential briefing for catastrophe and risk management professionals who want to explore the latest opinions from the industry, new opportunities, and best practice to help their organization thrive in an increasingly competitive and disruptive market.

In light of California's destructive wildfires in 2017 and 2018, this issue's lead story considers whether wildfire now needs to be considered a peak peril. This issue also explores whether insurance companies are prepared for regular and significant losses, and takes readers on a journey around a world of increasingly intangible exposure and unexpected losses. Moreover, EXPOSURE provides a guide to navigating this complex environment.

This issue also evaluates research around liquefaction and how a wealth of data from the 2010-11 New Zealand earthquakes has led to pioneering research and a global re-evaluation of this secondary hazard. Echoing this analysis of New Zealand, this issue evaluates how the introduction of risk-based pricing coupled with changes from the country’s Earthquake Commission in terms of the coverage it provides is causing growing pains in the New Zealand insurance market.

Other featured topics are new innovations in risk management, disproportionate disaster impacts on specific groups, and how an RMS study has revealed a direct correlation between the North Atlantic Oscillation (NAO) and the occurrence of catastrophic floods across Europe and associated economic losses.