Page 18 - Turkinsurance Digital Magazine
P. 18
18 cover story
Are Catastrophic Risks Reshaping
the Insurance Sector?
In today’s rapidly escalating climate crisis, catastrophic risks have
become one of the most critical agenda items for the insurance sector. As
the frequency and severity of events such as forest fires, floods, droughts,
tornadoes, and extreme rainfall increase, these developments deeply
affect not only disaster management but also financial risk management.
Recent disasters in Türkiye and around the world are forcing insurance
and reinsurance companies to reconsider their risk modelling strategies,
policy structures, and capital adequacy approaches.
