Climate change has created challenges that the industry has never had to deal with before. But the mounting threats may be accompanied by opportunities, according to a panel of industry experts.
Climate change is already impacting re/insurance on multiple fronts. On the underwriting side, the industry is vulnerable but also able to help the world better understand and mitigate these risks. On the asset side, the industry is under pressure to invest in a way that helps alleviate climate change.
While the re/insurance industry is compelled to adapt rapidly to the impact of climate change and closely examine its products and services, there is also the need to create awareness for more sustainability and resilience.
This was one of the main talking points from a panel discussion titled “What climate change means for re/insurers”. The discussion took place on Intelligent Insurer’s Re/insurance Lounge, an online platform where interviews and panel discussions are available on demand.
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