InsurTech Magazine September 2022 | Page 11

Insurers face disruption from wildfires

Collado Mediano , Spain

A heatwave across much of the northern hemisphere has resulted in wildfires in Europe , including Spain , France and the UK . As climate change makes freak weather events more common , wildfires threaten to burn in countries where they were never previously a problem . Insurers face a daunting task in protecting homes and businesses , with one insurance industry expert predicting that wildfire could become the next ' uninsurable '. Insurers are attempting to use historic data and AI modelling to predict future exposure .
insurtechdigital . com 11