Insurers are urging governments, businesses and regulators to strengthen risk management frameworks for secondary perils as losses from weather-related events continue to accelerate across the UK and Europe. According to industry analysts, hazards such as flash floods, hailstorms, wildfires and severe convective storms are now causing a larger share of insured losses than major catastrophes, fuelled by climate change, urbanisation and ageing infrastructure.
Insurers warn that these fast-developing perils are harder to predict, often highly localised, and capable of overwhelming existing disaster-preparedness systems. Recent events have highlighted widening protection gaps, with many communities lacking adequate resilience measures despite repeated losses.
Industry leaders argue that a shift from reactive post-event response to proactive mitigation is essential. Recommended actions include improved land-use planning, investment in resilient infrastructure, expanded hazard mapping, adoption of early-warning systems and encouraging policyholders to undertake property-level risk reduction.
Insurers also emphasise the need for better data sharing between public and private agencies to enhance modelling accuracy. Without stronger controls, they caution that secondary perils could drive continued premium volatility and threaten the long-term sustainability of property insurance markets.
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