As catastrophes occur simultaneously, nonphysical risks must be taken seriously: Aon
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As catastrophes occur simultaneously, nonphysical risks must be taken seriously: Aon

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As more and more catastrophes occur simultaneously, insurers must consider nonphysical risks as much as physical ones, according to Steven Bowen, head of catastrophe insight at Aon.

On a recent podcast, Bowen said: “In terms of overall disasters, we tend to primarily focus on physical risks, but there’s also nonphysical risks… secondary and tertiary effects like supply chain, which are all connected and may not be...

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