3
Natural Catastrophes & Physical Climate Risk
لماذا #3
- $100–150B+ annual insured losses (rising); Japan’s summer 2026 earthquake sequence repriced Pacific exposure
- Increasing frequency and correlation (flood + heat + fire + seismic)
- Infrastructure and asset-level exposure remains poorly priced
- Insurance retreat is widening protection gaps
NatCat remains Extreme severity but moves to #3 as cyber operational shocks accelerated in 2026. The Japan summer 2026 earthquake renewed focus on correlated physical peril, supply-chain BI, and insurer capacity.
خطورة: Extreme
اتجاه: → Structurally worsening
