SRR Climate Risk
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Floods drive 2024 non-US nat cat losses of $18.2bn
Insured losses from global natural catastrophes outside the US totalled $18.2bn in 2024 and were “unusually” dominated by floods, according…
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Aon enhances Climate Risk Monitor solution with flood expert collaboration
Aon has enhanced its Climate Risk Monitor solution with a collaboration with flood expert Fathom. Aon said it will assist…
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Regulators call for European-wide pool for growing nat cat risk
Natural catastrophe risks should be pooled across the EU through a public-private reinsurance scheme, according to insurance regulator Eiopa and…
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Climate change will drive 27% rise in flood-risk property in England
An additional 800,000 more properties in England are at risk of flooding than previously thought, according to updated assessments from…
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Spain’s nat cat pool receives 225,330 claims from record-flood loss
Spain’s nat cat insurance pool believes losses from flooding in Valencia and other parts of the southeast at the end…
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Risk managers must interrogate insurers’ climate modelling and adaptation measures
Risk managers should challenge climate change consultants on the quality and relevance of their models. They should also press insurers…
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Climate change cost insurers $600bn over past two decades, says campaign group
The insurance industry is fundamentally underestimating the impact of climate change, with more than a third of insured weather losses…
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Risk managers best placed to help firms manage strategic climate change dilemma, says WTW
A flurry of regulation and the complexity of quantifying risks associated with climate change have left many companies facing a…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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)…
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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…
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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…
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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…
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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…