How does climate change affect facultative placements?
Category:
Facultative Reinsurance
- Flood and storm exposure: High-value industrial facilities in KwaZulu-Natal and Western Cape increasingly need facultative flood capacity.
- Solar farms: Rapid growth in renewable energy projects requires facultative cover for fire, hail, and theft exposures.
- Cat aggregation: Facultative reinsurers are more cautious about clusters of risks in flood-prone or hail-prone zones.