Q1 2024 secondary perils: An area of growing concern for insured losses
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Q1 2024 secondary perils: An area of growing concern for insured losses

SCS caused global insured losses worth at least $8bn in the first quarter of 2024.

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SCS id june 19 2024-01.png

Severe convective storms (SCS) continue to dominate insured losses globally. Earlier this year, this publication flagged carriers’ concerns about this peril after 2023, a year when this ostensibly “secondary” peril was not only responsible for contributing the most to...

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