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Low-severity storms to cost insurers $60bn in 2023 : Swiss Re

Severe thunderstorms were the main contributor to losses, the reinsurer says

International Property

Industry throws weight behind sustainable finance initiative at Cop28

Alliant, Axa, Howden, Mosaic Insurance, Munich Re and WTW back sustainable finance initiative and task force agreed by multilateral banks at the climate talks in Dubai

Axa Munich Re

Insurance 'cannot be an afterthought' in climate discussions

Insurance will play a pivotal role in climate mitigation and adaptation, California’s insurance commissioner, Ricardo Lara, says

International Property

Insurers can help banks rethink risk to reach net zero

HSBC's European head of climate, Tim Ash Vie, says insurers may be needed sooner rather than later in the risk structuring process

Climate change International

Hillary Clinton calls for insurance reform at Cop28

The former US secretary of state warns insurers against shirking responsibility for providing climate risk cover

Climate change International

Florida's Citizens comes under US Senate scrutiny

Budget committee examining whether the last resort insurer can withstand future disasters with the prospect of rising sea levels

United States Property

Cop28 opens with ‘breakthrough deal’ on loss and damage fund

Delegates meeting at the UN climate talks in Dubai have agreed on the operationalisation of a fund that will help compensate vulnerable countries coping with loss and damage caused by climate change

International Climate change

Decarbonisation challenge requires the ‘catalysing role’ of insurance: Golnaraghi

Geneva Association’s director of climate change says insurers can help drive efforts toward the $8trn needed in clean energy investments a year to reach net zero

Climate change International

Sustainable aviation fuel project ‘could be a template for insurers’

Founded by Bill Gates, Breakthrough Energy Catalyst funds and invests in first-of-a-kind commercial projects for emerging climate technologies

Energy Climate change

Cytora partners with ZestyAI on climate risk modelling

Insurtech integrates ZestyAI’s climate risk models into its risk assessment platform

Property Climate change

ID Comment: Re/insurers face extinction if they don’t adapt to climate change

Perhaps reinsurers should gather for talks, not in Monte Carlo and Baden-Baden, but in one of the vulnerable countries that suffer the most from floods, droughts and storms, despite contributing the least to climate change

Climate change International

Re/insurers need to take a fresh look at risk for the sake of the climate

With Cop28 just around the corner, climate experts from Gallagher Re, Munich Re, Zurich Insurance and WTW discuss ways re/insurers can become more engaged with climate risk

Munich Re Willis Towers Watson
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