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| Primary perils
| Secondary perils
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| Event type
| - Natural catastrophes that tend to happen less frequently, but which have high loss potential.
- Include secondary effects.
| - Natural catastrophes that can happen relatively frequently, and typically generate low- to medium-sized losses
- Refer to independent secondary perils only.
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| Re/insurance industry status
| - Traditionally well-monitored and managed risks in developed re/insurance markets.
- Secondary effects are not always explicitly modelled alongside the originating primary peril, less rigorous monitoring.
| - Less rigour in the industry monitoring and modelling than for primary perils. Weaker exposure data capture and claims tracking.
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| Examples
| - Tropical cyclones (including tropical cyclone-induced inland flooding and storm surge); earthquakes (including tsunamis, liquefaction and fires following earthquakes); European winter storms
| - Severe convective storms (including thunderstorms, hail and tornadoes); floods, droughts, wildfires, landslides, snow, freeze.
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