As President Joe Biden’s administration moves climate change up the US agenda, four experts highlight what this means for the re/insurance industry. The impact is expected to be felt on everything—from regulation to clients’ insurance needs.
US President Joe Biden has nailed his environmental colours to the mast by reinstating the US into the Paris Agreement—and this will have a knock-on effect for US re/insurers.
In particular, the industry will be impacted by direct regulations placed on re/insurers and by the effects of the regulatory pressures placed on its clients.
This was one of the main talking points from a panel discussion titled “What the US election result means for the re/insurance market”. The discussion took place on Intelligent Insurer’s Re/insurance Lounge, an online platform where interviews and panel discussions are available on demand.
US, policy, President, Biden, climate change, re/insurers, shipping, insurance, Biltoo, Nutter, Paris Agreement, disclosures, Wienecke, Wood, Texas