Climate change
Q&A - Michael Butt: The impact of climate change
Some 67 insurance and reinsurance chief executives recently signed The Geneva Association’s Climate Risk Statement in Canada. Michael Butt, chairman of Axis and co-chair of the association’s extreme events and climate risk working group, comments on the…
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.
Chinese insurer provides heatwave insurance
Zhong An Online Property Insurance is providing a policy for high temperatures.
66 insurer CEOs commit to Geneva Association Climate Risk Statement
66 chief executives of the world’s leading insurers and reinsurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement.
Lloyd's calls for climate change risk modeling
Lloyd's of London is asking the insurance industry to factor climate change into risk models on an annual basis.
Nelson urges industry to factor climate change into cat models
Climate change is real and must be factored into all future catastrophe modelling, Lloyd’s chairman John Nelson has warned.
White House to warn climate change is already here
The National Climate Assessment, a report compiled by 300 leading scientists and experts, is set to reveal the US is already suffering from the affects of climate change.
One third of flood victims without home insurance survey finds
One third of British adults affected by the recent UK floods don’t have insurance that protects their home from flooding, a PWC and You Gov survey has found.
Buffett not changing plans for climate change
Key insurance investor Warren Buffett does not see climate change as a differentiating factor when reserving.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
International: Stormy weather
The extent to which insurance can and should be used to help manage climate risk has long been debated, and as leaders met in Warsaw for the United Nations convention on climate change last week, it was once again on the agenda.
Climate change: HSBC study finds Australia is warming quickly
Australia, which has just experienced its hottest 12 months on record, has seen temperatures rise faster than any other G20 country in the last two years according to HSBC's latest climate report.
Changing climate brings 'new normal', says Geneva Association
The Geneva Association, a leading think tank of the global insurance industry, is worried some areas in the world are becoming uninsurable because of climate change.
Ocean warming brings new wave of insurance hazards
Ocean warming and climate change is threatening the insurability of catastrophe risk, the Geneva Association has warned.
Poor coastal communities most vulnerable to climate change, says World Bank
A major climate report commissioned by the World Bank says poor communities living in coastal cities in Asia and Africa are among the most vulnerable to climate change.
Costs of Australia's disasters could triple by 2050
Costs of natural catastrophes in Australia could rise from A$6.3bn to A$23bn by 2050 as population density and storms increase according to a new white paper.
UK insurers must act to minimise climate change exposure
The UK insurance market’s exposure to international losses as a result of climate change is greater than its exposure to losses on the domestic market, a PWC study has found.
Asian highlights of the week
A round-up of the best articles featuring Asia on Insurance Insight this week.
Apac climate report highlights typhoons, droughts and air pollution
The Guy Carpenter Asia-Pacific Climate Impact Centre today released its annual report focusing on typhoon activity, the seasonal prediction of extreme droughts and floods, and the impact of local air pollution on climate.
UN warns on climate change after warm 2012
The World Meteorological Organization, a United Nations agency, has said that 2012 joined the ten previous years as one of the warmest - at ninth place - on record despite the cooling influence of La Niña.
Climate change: Insuring the future
Climate change is a global issue of huge importance to the safety and security of future generations and the environment. How can insurers play their part? Sam Barrett explains.
Australian government advisers link hot summer to climate change
The Australian government's independent Climate Commission has linked a record hot summer to climate change.
Weathering the growing subsidence risk
Subsidence is increasingly frequent and research shows that, with climates getting hotter, this is only going to continue. Edmund Tirbutt looks at how the market covers subsidence and whether it will continue to do so.
Zurich makes Impossible appearance on the silver screen
Zurich Insurance has engaged in film product placement for the first time by featuring in two scenes of new blockbuster The Impossible.