Sustainability
Marsh and WEF launch climate resilience ‘playbook’
Marsh and World Economic Forum report proposes four priority interventions to enable coordination across the property value chain
UK property insurers must adjust to the ‘new normal’ of weather claims
The increasing trajectory of climate-related losses indicates a structural shift, which goes well beyond cyclical volatility
Marsh urges forward-looking assessments of climate risk
Risk intelligence must be linked to business continuity, capital planning, operational decisions and insurance strategy, Marsh’s head of climate and sustainability strategy, says
Major Caribbean hurricane frequency doubles
The most severe storms in the Caribbean are occurring at twice the rate of 10 years ago, new research finds
Von der Leyen promises ‘climate insurance alliance’
EU executive will publish ‘climate resilience framework’ next month
European wildfire risk at ‘tipping point’
Wildfires in Europe could become a ‘material driver of volatility’ for insurers, Howden Re’s Edwards warns
Insurers urged to engage early on climate resilience projects
Think tank says insurers hold the risk data needed to identify high-impact resilience projects
CelsiusPro eyes Europe and US expansion
Parametric underwriter expects increased demand for climate products in Europe and the US following this year’s heatwaves
The converging shocks to global trade
From conflict around the Strait of Hormuz to European wildfires, the convergence of risks from multiple unrelated events is creating significant pressure for global trade
California fire resilience efforts struggle to gain insurer recognition
The Golden State has large network of non-profits supporting resilience work, but insurers cannot always see these efforts
Howden Re launches alternative solutions practice
New practice combines structured reinsurance, analytics, parametric and capital markets expertise to develop innovative risk and capital solutions
Arbol creates suite of California wildfire covers
Insurtech’s head of wildfire risk explains why California wildfire demands an ‘all-of-the-above’ approach to risk
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