All Climate Change articles
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Guy 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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'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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Centre 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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IDF: 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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Driving 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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Temperatures 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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Hail 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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Howden 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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The 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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Climate 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.
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Swiss Re joins exodus from NZIA
Swiss Re has abandoned the Net Zero Insurance Alliance, without giving a reason.
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Aon launches climate analytics, advisory unit
Aon’s new Climate Risk Advisory team will use the broker’s Impact Forecasting models to provide physical risk diagnostics and advisory services on climate-related financial risks.
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Munich Re Specialty Group targeting ‘the E in ESG’
Green Solutions launched in a bid to take a leading position in the London market’s sustainability ambitions.
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Energy pricing, transition pushing back climate focus – Beazley
Current fears about energy prices and the need to transition may be blinding insureds to the existential threat that climate change poses, London market specialty insurer Beazley warns.
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Munich Re quits Net Zero Insurance Alliance
Reinsurance giant cites potential for antitrust risks as it commits to pursuing decarbonisation goals on its own
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Cyclone Gabrielle costs NZ insurers $1.5 billion
Catastrophes represent ”one of the most challenging periods for the insurance industry since the Canterbury earthquake sequence” - PERILS
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Industry cannot be expected to foot climate bill – Swiss Re
‘Holistic adaptation roadmaps that cut across all levels of society and sectors are vitally needed,’ says UK and Ireland chief executive
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Mozambique gains parametric cyclone solution
Africa Specialty Risks is lead reinsurer in the $35m placement for Africa’s second most disaster prone country
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Hurricane Ian drives 2022 nat cat claims to breach $100 billion
Losses paint a picture of growing property exposure and exceptional inflation, says sigma
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Djibouti signs five-year disaster risk financing deal with ARC
Deal to protect climate-vulnerable communities in the Horn of Africa covers drought and excess rainfall