All Climate Change articles
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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.
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NewsSwiss Re joins exodus from NZIA
Swiss Re has abandoned the Net Zero Insurance Alliance, without giving a reason.
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NewsAon 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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NewsMunich 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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NewsEnergy 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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NewsMunich 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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NewsCyclone 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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NewsIndustry 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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NewsMozambique 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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NewsHurricane Ian drives 2022 nat cat claims to breach $100 billion
Losses paint a picture of growing property exposure and exceptional inflation, says sigma
