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(From Reinsurance)
Volcanic disasters have been few and far between in the news over the past decades, and, as a result, have slipped beneath many (re)insurers' radar. Unfortunately, there is no reason to suppose that state of affairs will continue.
There are around 1511 potentially active volcanoes all over the world, with an average of between 20 and 30 erupting with varying intensities every year. Some are in out-of-the-way places such as Siberia. Others are in more populated areas. More are biding their time closer to major population centres.
Volcanoes can be found on or close to both constructive and destructive plate boundaries. The ...