ESG Climate Risk
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Insurers must price risks to wake up world to scale of climate change, warns Berners-Lee
Insurers have been urged by leading climate scientist Professor Mike Berners-Lee, author of There is No Planet B, to factor…
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GFIA warns of excessive focus on climate risk in IAIS consultation
The Global Federation of Insurance Associations (GFIA) has warned of an “excessive focus on climate risk in corporate governance, remuneration…
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Climate resilience and nat cat cover to increase by 50% by 2030
Global insurance premiums for climate resilience and natural catastrophe protection are set to increase by 50% by 2030, according to…
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ADB backs Indonesia’s plastic risk effort
The direct financial and economic benefits of the ESG phenomenon may not always be clear to beleaguered corporate risk and…
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WTW launches climate risk technology tool
A new tool that quantifies the financial impact of climate change and evaluates the impact of climate risks on an…
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Europe turns to more nat cat PPPs as risk mounts: Morningstar DBRS
Risk pools and state-backed reinsurers to cover losses caused by natural catastrophes could become more widespread in Europe as the…
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French stress test finds nat cat losses and rates would more than double by 2050
France’s financial markets supervisor ACPR has released the results of its second-ever stress test exercise for the insurance industry, and…
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Climate change increased winter storm rainfall by 20% in UK and Ireland
Human-induced climate change increased the severity of autumn and winter storm rainfall in UK and Ireland by about 20%, according…
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Early construction project engagement critical to mitigate climate risks
A panel during Commercial Risk’s Construction Risk Management Europe Conference urged construction companies to get technical experts involved much earlier…
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WTW Research Network collaborates with leading academic researchers
A new collaboration has been launched between the WTW Research Network (WRN) and two leading academic researchers to quantify the…
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Many of the biggest-emitting countries most exposed to climate risk: Verisk Maplecroft
Thirteen of the world’s largest carbon emitters are at risk from the severest impacts of climate change if no action…
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European cities urged to adopt stronger climate adaptation as risks grow
Europe’s cities are key to increasing the region’s resilience to the impact of climate change, according to research by the…
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Risk managers urged to include climate change impact on workforce health
Climate-related medical alerts spiked by 80% last year, according to medical and travel services firm International SOS, which urged organisations…
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ICEYE in data collaboration with Juniper Re on flood and wildfire
Satellite-powered disaster management solutions provider ICEYE has formed a new data collaboration with Juniper Re, the reinsurance broking arm of…
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Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood…
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Europe saw record extreme heat stress days last year, finds EU report
A record number of extreme heat stress days in Europe last year, alongside wildfires, droughts and flooding “paints a sombre…
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Climate change to cause ‘massive economic damage’
Climate change will cost the global economy $38trn every year by 2049 and cause “massive economic damage” some six times…
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NAIC adopts national climate resilience strategy for insurance
The US National Association of Insurance Commissioners (NAIC) has adopted the first-ever NAIC national climate resilience strategy for insurance to…
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TSR raises forecast for ‘hyper-active’ North Atlantic hurricane season
Tropical Storm Risk (TSR) has raised its forecast for North Atlantic hurricane activity in 2024, predicting that it will be…
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German insurers upgrading models to include flash floods
German insurers are working to take flash floods into account within their risk models. “The July 2021 flood in particular…