All Climate Change articles
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NewsFrequency perils reshaping cat risk landscape – Verisk’s Garcia
Verisk’s Giovanni Garcia discusses the changing nature of catastrophe risk, the surge in so-called frequency perils, and how advances in modelling and data integration are reshaping insurers’ understanding of global exposure.
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NewsBaden-Baden: Swiss Re warns of $300bn cat year as geopolitical and civil unrest risks rise
Reinsurer Swiss Re used its pre Baden-Baden reinsurance meeting press conference to highlight escalating catastrophe losses, rising secondary perils and growing overlap between natural disasters and social unrest.
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NewsMoody’s warns of $41trn climate risk hit to global economy by 2050
Moody’s Insurance Solutions projects climate-related physical risks could wipe 14.5% off global GDP by mid-century, with US corporates and real estate particularly exposed.
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NewsReinsurers turned a blind eye to climate crisis in Monte Carlo, campaign group warns
Ariel Le Bourdonnec was unimpressed by reinsurers contentment to insulate their financial results from climate risk and prioritising other threats in their briefings at this year’s reinsurance rendezvous
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NewsNo let-up for insurers as nat cat losses head for another $100bn year, Willis warns
Wildfires, tornadoes and climate extremes mark 2025 as another costly year for re/insurers, the broker predicts
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NewsMS Amlin warns US hurricane losses could surge 50% with 2°C global warming scenario
The London market re/insurer urges overhaul in pricing and resilience measures as climate risks escalate.
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NewsDWIC 2025: Closing the catastrophe protection gap across MEASA
Panellists from Munich Re Underwriting Agents, Gallagher Re and AM Best discussed the catastrophe reinsurance market in the Middle East and beyond.
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NewsHiscox, Howden, Swiss Re and Insurance Development Forum launch $9.25m Syrian drought partnership
Re/insurance firms working together on climate risk insurance project to protect vulnerable communities from the impacts of drought in Syria.
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NewsAXA XL partners with Save the Children in Sierra Leone with $1.2m climate resilience grant
Five-year initiative represents a major African community climate-resilience partnership, the re/insurer said.
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NewsExtinction Rebellion targets multiple London market insurance firms
The climate change protest group has carried out a campaign of protests targeting insurance companies across London.
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NewsGuy Carpenter: Driving innovation through nature-based solutions
Research reveals a range of human factors are the main drivers of increasing loss frequency and cumulative losses for severe convective storms, writes Josh Darr, managing director, global head of peril advisory, Guy Carpenter.
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News'No big bets' – interview with Ascot’s US chief risk officer
The world is changing and the insurance industry will have to change with it. Steve Guijarro, US chief risk officer of re/insurer Ascot Group, explains what the company is doing to achieve this.
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NewsCentre for Disaster Protection to form technical advisory group for Global Shield against Climate Risks
The group will help vulnerable countries access climate and disaster risk finance and insurance support packages via Global Shield.
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NewsIDF: Enhancing Risk Modelling and Disaster Finance through Data Empowerment
By the Risk Modelling Steering Group (RMSG) of the Insurance Development Forum (IDF).
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NewsDriving behaviours to increase climate risk resilience – SCOR at GAIF34
Reinsurance rates are being driven by increased claims and exposures, but the insurance industry has the data in its power to incentivise construction practices that will in turn reduce insureds’ exposure to climate change, and the prices paid for protection.
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NewsTemperatures are rising and MENA’s protection gap leads the world – Swiss Re at GAIF34
2023 saw major earthquakes in Turkey and Morocco, severe thunderstorms and flooding in Saudi Arabia and the UAE, hailstorms in Jordan, a tropical cyclone in Oman, and a major flood in Libya.
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NewsHail risk putting pressure on renewables – GCube CEO
Fraser McLachlan warns that hail is becoming an increasingly serious threat, with re/insurers keen to limit exposure, which represents a challenge for new renewable energy projects.
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NewsHowden addresses COP28 on the private sector’s role in protecting vulnerable countries
David Howden, founder and CEO of Howden, gave a keynote speech at the COP28 summit on the power of the private sector to protect vulnerable countries against the effects of climate change and unlock investment in their future.
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NewsThe most climate vulnerable countries could lose 100%+ of GDP from insurable cats – Cambridge, Howden study
Risk-sharing action plan to scale up loss and damage funding for Global South countries to inform COP28 discussions in Dubai.
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NewsClimate change will add 10%+ to cost of US hurricanes over next 20 years – Aon
Aon’s work with Columbia University has come up with an estimate for the cost of climate change to the reinsurance industry’s peak peril.
