ESG Climate Risk
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March 13, 2024
UK government adaptation plans ‘fall short’ for scale of climate risks
A leading climate advisory panel has warned the UK government that its adaptation plans for a changing climate “fall short”…
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March 1, 2024
Business must invest in climate preparedness and employee support
Organisations should take heed of the losses that can be incurred by extreme weather events, and invest in climate preparedness,…
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February 28, 2024
Swiss Re calls for adaptation measures to tackle climate change
A new analysis of 36 countries and their exposure to climate change carried out by the Swiss Re Institute ranks…
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February 23, 2024
Air pollution rises up risk agenda in UK and EU
Air pollution is the fastest-growing insurance protection gap among climate risks, say Airmic members polled in the association’s latest survey.…
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February 22, 2024
Gallagher Specialty launches parametric insurance centre of excellence
A new parametric insurance centre of excellence has been created by London-based Gallagher Specialty. The move is in response to…
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February 1, 2024
$100bn insured losses now the norm as secondary perils grow
Last year saw a global insured loss exceeding $100bn, the fourth consecutive year of such losses, and a total economic…
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January 26, 2024
Eiopa chief calls for greater cooperation on climate-related risk
Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), has told the World Federation of Exchanges (WFE),…
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January 15, 2024
German insurers call for state action on flood prevention
Germany is still planning, building and renovating as if climate change is not happening, with flood risk rising fast as…
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January 10, 2024
2023 hottest year on record
Last year was the hottest on record, with global temperature close to the 1.5°C limit, according to Copernicus. It said…
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January 9, 2024
Nat cat insured losses hit $95bn last year: Munich Re
Global insured losses from natural disasters reached $95bn last year, below the $105bn five-year average but above the $90bn average…
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December 15, 2023
Addressing climate risk through modelling and resilience
Climate risk is a huge topic, providing numerous challenges to corporates and their risk managers. The sheer scale and breadth…
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December 14, 2023
Report sets out climate risk priorities for global insurance industry
A new report has highlighted priorities for the global insurance industry when it comes to climate risk and resilience. The…
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December 14, 2023
Climate-related travel risk on the rise: International SOS
The number of travel alerts for employees working overseas triggered by climate-related threats is on the rise, according to security…
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December 13, 2023
French risk managers say insurers are not rewarding climate risk mitigation
French risk managers are not happy with the support they receive from the insurance market to deal with climate risks,…
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December 11, 2023
UK risk managers rank climate change higher than other regions
The UK was the only country to feature climate change in the top ten risks facing businesses today, according to…
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December 4, 2023
More sectors facing very high environmental credit risk
In 2020, coal mining was the only sector that faced very high overall environmental credit risk, but now there are…
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November 28, 2023
UK exposed to millions in additional flood losses from climate change
The impact of climate change will add millions to the UK’s losses from flooding, according to a new study from…
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November 21, 2023
Howden calls for mobilisation of ‘vast sums’ to protect Global South
Global broker Howden has called for the creation of a range of loss and damage vehicles that it believes could…
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November 13, 2023
Aon expands climate risk advisory function
Aon has expanded its climate risk advisory function across the firm’s risk capital capability, to further serve clients’ advanced risk…
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November 13, 2023
Tokio Marine forms disaster prevention and mitigation subsidiary
Tokio Marine Holdings has formed Tokio Marine Resilience, a 100% owned subsidiary that will engage in disaster prevention and mitigation.…