Session 5: Drivers of Future Risk: The Complex Interplay and Future Evolution of Hazard, Vulnerability, and Exposure
This session delved into the multifaceted nature of risk, emphasizing that it's not solely about hazards but also involves vulnerability and exposure. Focusing on North Atlantic hurricanes, they discussed how changes in climate patterns, urban development, and building resilience collectively shape future risk landscapes. The panel highlighted the challenges in modeling these evolving factors and underscored the importance for insurers to integrate comprehensive risk assessments into their strategies.