Insurers gear up to grapple with the impact of climate change

13-12-2018

Christian Wuestner

Insurers gear up to grapple with the impact of climate change

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The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers.

Scientists have warned for some time that rising air and sea temperatures could mean an increase in the frequency and severity of natural catastrophes.

Re/insurers have always paid close attention so such ideas, and any related research, as they could be particularly hard hit by such developments, both on the asset as well as on the liability side of their balance sheets.

The key objective for most of the global community is to implement the guidelines of the Paris Agreement on Climate Change, which aims to hold the global average temperature increase this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.


Climate change, Insurance, Petteri Taalas, Elena Manaenkova, Keith Goodby, Willis Towers Watson, Matt Jones, Simplitium, Anna Maria D’Hulster, Global

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