DUBLIN, October 19, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Catastrophe Insurance Market 2016-2020" report to their offering.
The analysts forecast the global catastrophe insurance market to grow at a CAGR of 5.49% during the period 2016-2020.
One of the key trends for market growth will be improvements in capital management leading to greater performance of different investments. Many insurance vendors are working to achieve market leading investment performance. Such efforts may help the vendors to develop and sustain a huge asset base to harvest high profitability. On the other hand, enterprise value creators are playing a huge role in leveraging technology and infrastructure, thereby optimizing operations. This may help increase shareholder value in the organization. Many institutional investors like the insurance companies are finding ideal investment opportunities such as understanding fixed income flows.
According to the report, climatic change will be a key driver for market growth. Climatic changes have occurred due to the various natural and manmade disasters. Therefore, the insurance company requires not only to focus on the historical data but also to have forward projections. Climate change has brought in extreme weather events, and therefore insurance companies need to understand the change in the frequency of the extreme weather condition. Therefore, the insurance companies, reinsurance companies, capital markets, and governments are making use of various catastrophe modeling technologies.
Further, the report states that CAT models are used by the insurers to capture the effects of kerbstones on flood waters and adjacent buildings on the local wind speeds. The current challenge for the market is the lesser amount of detail that is been made available to the insurers. Therefore, the insurers are unable to model at sufficient resolution to capture the most important factors that determine flood depths and wind speeds at particular locations.
- American International Group
- Berkshire Hathaway
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor profiles
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/vhvx36/global
Research and Markets
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SOURCE Research and Markets