When the Models Met Reality

In 2025 secondary perils carried 92% of global insured losses; the catastrophe models did not see them, the carriers retreated, and the public balance sheet is quietly absorbing what private capital is shedding. An assessment of where the rotation goes from here.

Author

Zacharias · Principal

Pages

13

Timeliness

Current

Issue date

2026-05-26

Classification

Public

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