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Press Release: Geneva Association calls for Integrated Approach to Managing Extreme Events and Climate Risks

Submitted by admin on
  • Disaster loss events are on the rise. Of those 91% were caused by weather-related extremes (1980-2015).  These weather–related extremes caused the loss of more than 600,000 lives and more than USD 3 trillion in total economic losses
  • Detailed independent analysis and research shows that countries with a robust penetration of market-based disaster insurance coverage recover faster from the financial impacts of extreme events
  • (Re)insurance has become a key element of UN and governmental strategic disaster risk reduction efforts (e.g.

The Global Insurance Protection Gap: Assessment and Recommendations

Submitted by brighton@edelman.com on
This report presents an overview assessment of the current state of underinsurance in non-life, life and pensions insurance. It also proposes specific actions by the insurance industry in collaboration with governments that can help close the protection gap and thereby add to their contribution to economic development.

The Climate Risk Statement of The Geneva Association

Submitted by brighton@edelman.com on

The Geneva Association's Climate Risk Statement is a set of guiding principles on the substantial role insurance can play in global efforts to tackle climate-related risks.

The statement was signed by 66 Chief Executives of the world's leading insurers at The Geneva Association's General Assembly in Toronto, Canada, on 16 May 2014.

Read the Press Release: Leading insurance CEOs Confirm The Geneva Association's Climate Risk Statement

Warming of the Oceans and Implications for the (Re)insurance Industry

Submitted by brighton@edelman.com on
This report gives an overview of the detected changes in the oceans and their impact on extreme events and hazard probabilities over the last decades. It summarises the changes in risk management strategies that (re)insurance companies can implement in order to address the new situation appropriately, comply with regulatory requirements and ultimately improve their ratings.

 

Joint Statement of The Geneva Association, UNEP-FI, MCII and ClimateWise: "Global insurance industry statement on adapting to climate change in developing countries"

Submitted by brighton@edelman.com on

Four leading insurance climate change initiatives, whose combined membership includes more than a hundred of the world's leading insurers across Africa, Asia, Europe, North and South America, and Oceania, have combined their members' expertise to present this Statement.

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