ESG Climate Risk
-
Nat cat insured losses to hit $135bn this year: Swiss Re
Insured losses from natural catastrophes are forecast to exceed $135bn in 2024, according to a report from Swiss Re. It…
-
Economic risks still dominate WEF survey
Economic risks continue to dominate the concerns of G20 business leaders polled for the World Economic Forum’s (WEF’s) latest Executive…
-
Many global firms lack plans to manage extreme weather, finds International SOS
A survey by International SOS Foundation has found that just a third of firms (36%) have comprehensive plans and policies…
-
Atlantic hurricane season ends with above-average activity
The 2024 Atlantic hurricane season saw above-average activity with 18 named storms (winds of 39 mph or greater), 11 of…
-
Zurich launches climate risk digital solution
A new interactive digital solution to help customers uncover climate risks up to the year 2100 has been launched by…
-
Changing climate means overhaul of risk transfer market: S&P
Secondary perils like floods, fires and severe convective storms are now making up a larger portion of catastrophe losses, according to…
-
Report highlights rising frequency and intensity of wildfires in Europe
Europe, the Middle East and Africa suffered some of the worst wildfires since 2000 last year, with more than 500,000…
-
Aon’s IFRC Disaster Response Emergency Fund policy pays out €7.5m
The groundbreaking indemnity insurance policy developed by Aon for the International Federation of Red Cross and Red Crescent Societies’ (IFRC)…
-
Climate risk management uneven across financial sector
There is uneven progress on climate risk governance across insurance and financial firms, according to a new research report, The…
-
Swiss Re study calls for greater investment in flood protection
Global reinsurer Swiss Re has called on public and private sector bodies to increase spending on flood protection measures as…
-
UN issues stark warning on national climate plans falling short
Current national climate plans “fall miles short” of what’s needed to avert climate chaos, according to a new report from…
-
WTW calls for fresh approach to manage physical climate risks
Climate change is significantly amplifying property damage and business interruption exposures, and these require smarter, more dynamic and comprehensive approaches…
-
Cities must build climate resilience to meet growing risk, report
A new report on urban climate resilience has revealed that four in five people believe their city is underprepared for…
-
Climate reporting sees growing interoperability between standards
A report providing a comprehensive review of climate-related financial disclosure requirements across key global jurisdictions has been published by WTW.…
-
Europe not prepared for climate change risk
Europe’s climate adaptation policy is at risk of falling behind and may not keep pace with climate change, according to…
-
Milton insured losses could hit $50bn: Fitch
Hurricane Milton could cost the insurance industry an estimated $30bn to $50bn, and likely limit the potential for property catastrophe…
-
Parametric insurance can help close $1.8trn protection gap: Generali-UNDP report
Parametric insurance can help close the $1.8trn protection gap for communities and countries on the frontlines of interrelated crises, including…
-
New platform from AXA Climate to help firms adapt to climate change
AXA Climate has launched a new platform to help businesses measure the impact of climate risks, implement an adaptation strategy…
-
Europeans name extreme weather as top disaster risk
Exposure to extreme weather events polled as the biggest disaster risk to Europeans, in a survey that also revealed a…
-
Floods drive nat cat losses in 2024
Global insured flood losses are outpacing all other perils so far this year, according to industry data from Cresta. In…