Climate Change
and its Economic Impact on Insurance
(CC+I)

 

Director: Walter Stahel
Deputy Director: Ryochi Nakai

 
 
At the General Assembly of The Geneva Association (Hamilton/Bermuda, 28-31 May 2008) more than 40 CEOs of leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This project reflects one of the key long-term priority areas of The Geneva Association.
 
The objectives of this new research project of The Geneva Association are to identify and analyse:
       issues that are of specific relevance to the insurance industry, such as the likely range of future claims costs, new business opportunities and scenario testing; and
        external challenges to be addressed at the political, educational and social levels, such as the role of government specific provisions concerning e.g. building codes, zoning restrictions, etc. 
 
A special report on CC+I is currently under production by a dedicated team of researchers and insurance experts. It is scheduled to be presented at The Geneva Association’s 36th General Assembly in Kyoto in May 2009, which is the world’s leading gathering of CEOs from the largest insurance and reinsurance companies. The research findings will also be presented at the World Climate Conference in Copenhagen in early December 2009. 

In addition, the July 2009 issue of The Geneva Papers – a leading journal on strategic issues in insurance and risk management – will be devoted to the topic of climate change and insurance. This builds on previous efforts by The Geneva Association to highlight and advance thinking on CC+I (such as the special issue of The Geneva Papers of January 2008). See the Call for papers.

     Press release

      Matrix
 
This matrix (or map) which is meant as a guideline for the research economist when sorting out the existing information is proposed and submitted for discussion. Its objective is to ease the identification of well researched areas versus white spots on the map.
 
        Structure of the report
 
        Articles from The Geneva Papers on Risk and Insurance –  Issues and Practice 
Vol. 33, No. 3, July 2008
“Global Climate Change in the Wider Context of Sustainability” by Walter Stahel 
Vol. 33, No. 1, January 2008 – Special Issue on Climate Change
“Editorial – Insurance and Adaptation to Climate Change” by Sophie Chemarin and Pierre Picard 
“Climate Change and the Insurance Sector” by Andrew Dlugolecki 
“Insurability of Climate Risks” by Arthur Charpentier 
“Preparing for Climate Change: Insurance and Small Business” by Kim Clemo 
“Role of Insurance in Reducing Flood Risk” by David Crichton 
“The Role of Insurers in Promoting Adaptation to the Impacts of Climate Change” by Robert E.T. Ward, Celine Herweijer, Nicola Patmore and Robert Muir-Wood
“Climate Change: Impacts on Insurers and How They Can Help With Adaptation and Mitigation” by Trevor Maynard 
“Challenges of the Renewable Energy Industry Generate New Demands for Risk Advisory: How to Value an Insurance Package from a Financing Perspective?” by Emmanuel Leblanc
“Extreme Events, Global Warming, and Insurance-Linked Securities: How to Trigger the ‘Tipping Point’” by Erwann Micheé-Kerjan and Frederic Morlaye 
Vol. 32, No. 1, January 2007
“Climate Change Impacts on Personal Insurance” by Gilles Benoist
“Climate Change and the Global Insurance Industry” by Michael Hawker
“Climate Change and the Global Insurance Industry: Impacts and Problems in Latin America” by Filomeno Mira Candel
 
Articles from the Geneva Association newsletters
 
Another Planet of Opportunities, Fear and Risksby Walter R. Stahel, Risk Management No. 42, November 2007
A Planet of Opportunities (and Risks), by Walter R. Stahel, Risk Management No. 41, May 2007
Will Global Warming Liability Risks Exceed Property Risks?, by Dan R. Anderson, PROGRES No. 44, December 2006
Sustainability - Opportunities for Insurers, by Walter R. Stahel, Risk Management No. 40, November 2006
The Global Risk Landscape: Disasters Indicate a New Topography, by Lutz Cleemann, Risk Management No. 39, May 2006
Risk Management - Is Back to History also Back to the Future?, by Walter R. Stahel, Risk Management, No. 34, November 2003
Climate Change - Effects and Possible Actions for German Insurers, by Andreas Jahn, Insurance Economics No. 42, January 2002
The Kyoto Enigma - Science versus Science, or Science versus Politics?, by Walter R. Stahel, Risk Management No. 29, May 2001
Some Ways to Lessen Worries about Climate Change, by Jesse H. Ausubel, Risk Management No. 29, May 2001
Climate Change and the Financial Services Industry, by Andrew Dlugolecki, Insurance Economics No. 43, January 2001
Have you Heard Any Good Risk News Lately?, by Walter R. Stahel, Risk Management No. 28, November 2000
 
Articles from Etudes et Dossiers
 
The Total Cost of Risk – The Risk Cost Iceberg. Reduction & Control from a Property Risk Control & Engineering Perspective, by Marcel Hanssen, Etudes et Dossiers No. 346, October 2008
Climate Change and Possible Impacts on the Insurance Industry, by Bruno Porro, Etudes et Dossiers No. 346, October 2008
Climate Change and Insurance, by Walter Stahel, Etudes et Dossiers No. 346, October 2008
Scientific Challenges in the Attribution of Harm to Human Influence on Climate, by Myles Allen et al., Etudes et Dossiers No. 345, June 2008
Attribution of Harm to Human Influence on Climate, by Daithi A. Stone, Etudes et Dossiers No. 345, June 2008
Natural Disasters and Climate Change, by Peter Hoeppe, Etudes et Dossiers No. 323, March 2007
Geo-Risks and the Leisure Industry, by Peter Hoeppe, Etudes et Dossiers No. 322, February 2007
Changing Risks: Impacts in the Insurance Industry, by Antonio Salgado, Etudes et Dossiers No. 322, February 2007
CRO Emerging Risk Initiative - Achievements and Outlook, by Annabelle Hett and Christian Mumenthaler, Etudes et Dossiers No. 319, November 2006
Climate Change and Tropical Cyclones in the North Atlantic, Caribbean and Gulf of Mexico, by Annabelle Hett, Etudes et Dossiers No. 318, September 2006
Vulnerability and the Environment - Ecological, Socio-Economic and Institutional Dimensions of Exposure, Adaptation and Collapse, by Craig Johnson and Robert McLeman, Etudes et Dossiers No. 315, June 2006
Etudes et Dossiers No. 227, Selected Papers from the MORE 14th Seminar on Global Climate Change held in London, 16-17 September 1999
Etudes et Dossiers No. 199, Selected Papers from the MORE 11th Seminar on Contributions by Insurance to Sustainability held in Oslo, 26-27 February 1996
 


Advanced Search
 
Insurance Economics No. 59
PRESS RELEASE - SILVER WORKERS INSTITUTE
PROGRES No. 48
PRESS RELEASE - Credit Crisis and Insurance–New Geneva Association Website
Credit Crisis and Insurance – A Comment on the Role of the Industry
The Geneva Association - 53 Route de Malagnou - CH-1208 Geneva - Email: - Phone +41-22-707 66 00 - Fax +41-22-736 75 36