The insurance industry needs to better understand the broader risk exposure it has in the event of a disaster such as Hurricane collapse through more sophisticated modelling techniques , according to mark Basi , managing director for the Russell Group . consumers should also think about connected risk exposure in such an event , including risks posed to supply chains as well as cyber and political threats , Basi argues .
The insurance industry needs to better understand the broader risk exposure it has in the event of a catastrophe such as Hurricane Harvey through more sophisticated modelling techniques, according to Suki Basi, managing director for the Russell Group. Insurers should also think about connected risk exposure in such an event, including risks posed to supply chains as well as cyber and political threats, Basi added.