June 15, 2009 11:08 ET

Insurers Face Growing Exposure and Less Financial Backing

ROCKVILLE, MD--(Marketwire - June 15, 2009) - has announced the addition of TowerGroup's new report "Global Catastrophe Management: Coping with Growing Exposure and Less Financial Backing," to their collection of Banking & Financial Services market reports. For more information, visit

The Asia-Pacific region's changes in population concentration combined with its propensity for natural catastrophic events represent points of potential weakness for primary carriers and reinsurers.

In the United States, population concentration in catastrophe-prone zones continues to threaten the financial security of many insurers that have yet to take the appropriate steps to manage their exposure.

The demise of the investment banks, increasing regulatory scrutiny, and investors' current risk aversion mean that carriers will not have access to creative funding solutions that have been so responsive to past catastrophes.

Insurance carriers cannot afford to debate the use of enterprise data warehouses, geocoding, and visualization technology to manage physical risk across all product lines on an aggregated basis.

The immediate need to establish appropriate premiums and the future need for exposure assessment demands that carriers use catastrophe and pricing analytics and models.

Topics covered in the report include...
Global Catastrophe Impact
Changes in Financial Services Industry Driving a New Reality
Institutional Changes Redefine the Marketplace
Changes in Bond Market Participation
Recommended Responses to the Financial Market Changes

For more information visit

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