Swiss Re: lessons from the parallels between COVID-19 and climate change

09-04-2020

Swiss Re: lessons from the parallels between COVID-19 and climate change

Swiss Re highlights the similarities and differences between the current pandemic crisis and the ongoing worldwide issue of climate change. It says lessons can be learned, but it is important to recognise there are big differences too. Intelligent Insurer reports.

“It’s easy to forget that there was a time before COVID-19, when other urgent issues were still in the headlines. Our mission of making the world more resilient calls on us precisely not to lose sight of other big risks.” Edi Schmid, chairman of the Swiss Re Institute and Swiss Re’s group chief underwriting officer, Swiss Re.

· COVID-19 must not push other urgent issues off the table  
· Drastic action will help avoid most damaging consequences 
· Unsustainable urban sprawl a key factor in escalating insured losses
· Swiss Re to employ carbon capture from next year

Climate change will not take a backseat while the world deals with COVID-19, say Swiss Re, as it unveils its latest sigma report and discusses its climate change strategy.


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