A new article by David Howden, founder and CEO of the Howden Group, says that forecasts that $2bn of private funded disaster insurance capacity can be delivered in the next few years.
Writing on LinkedIn, Howden said that he believes that this extra capacity can be delivered within the next three-to-five years. In his article, Howden said that this extra capacity was part of how the insurance industry can help those already feeling the effects of climate change.
Howden wrote that there were three main steps to this: the promoting of the value of insurance, addressing the affordability issue, and building trust with those responding to disasters.
FULL ORIGINAL PUBLICATION HERE