7 February 2020
Climate change is at the top of the agenda for policy makers, regulators and globally significant companies. It is an unprecedented risk and is under increasing scrutiny by shareholders and regulators. For insurers, climate change also presents opportunities for the industry to do what it does best – assessing and providing protection against risk – both in managing their own business and providing innovative products for policyholders to protect them against some of the economic implications.
The 2020s will be a decisive decade in the race to deal with climate change and insurers may well play a key role in deciding the outcome of these efforts.