More research needed on climate change: Catlin
Extensive research must be carried out to better understand the consequences of climate change and how to respond to the potential risks it brings.
This is the conclusion of specialty property/casualty re/insurer, Catlin Group, which has welcomed the conclusions of a recently published report by the Intergovernmental Panel on Climate Change, a scientific intergovernmental body under the auspices of the United Nations.
“As a leading insurer and reinsurer, we believe that further factual research into the changes occurring to our oceans is essential so that the insurance industry can continue to help our clients manage risks in the years to come,” said Catlin.
The IPCC’s Fifth Report on Climate Change summarises the collective view of the world’s leading climate scientists and is intended to guide multinational discussions and decisions.
Significantly for the insurance industry, this report assesses the potential consequences of climate change as ‘risks’, considering not only the potential impacts of climate change but also how governments and others can adapt and minimise these risks.
The report places significant emphasis on the importance of oceans due to the role they play in regulating weather patterns and as sources of food and livelihoods for hundreds of millions of people.
Catlin is the title sponsor of the Catlin Seaview Survey, a major scientific expedition that is documenting the composition and health of oceans, particularly coral reefs, around the world.
