Climate change: insurers feeling the heat

global warming

Climate damages are set to increase with the knock-on effects of global warming, such as rising sea levels and heatwaves. In the Global Risks Report 2017 compiled by Marsh for the World Economic Forum, climate change was the number two underlying trend. All five environmental risks in the survey were ranked both high-risk and high-likelihood. As the risks grow and become more and more unpredictable, the insurance industry is feeling the heat. "Insurers have seen a wave of weather-related da