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Underwriters should review categorization of nat cat losses



U.S.-based J.P. Morgan Chase & Co. suggests that the insurance and reinsurance industry should reassess the categorization of natural catastrophe losses to better calculate profitability, Reinsurance News reported. According to J.P. Morgan, global reinsurers’ natural catastrophe losses have been 3.5 percentage points above their budgets on average in the past five years.


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