Catastrophe risk modelling has revolutionised the way insurers assess, price and manage disaster risks. Its usefulness to society could be even further enhanced by integrating the latest climate science, observational capabilities and emerging technologies.
Also of interest:
There is much more that could be done to extend the value of catastrophe (Cat) risk models for the (re)insurance industry and wider society, but this requires a collective endeavour across (re)insurers, brokers, model vendors and other key stakeholders, says Maryam Golnaraghi, Director Extreme Events and Climate Risk
The insurance industry plays a key role in de-risking infrastructure and mobilising long-term private capital to climate risk-resilient projects, agreed a group of decision makers and international experts summoned in Toronto by The Geneva Association.
Also of interest:
Cooperation between insurance companies and policyholders can have a very strong aggregate impact, says Tsuyoshi Nagano, President and Group CEO of Tokio Marine. Recorded at the 45th General Assembly.
Thomas Sterner, Professor of Environmental Economics at the University of Gothenburg, discusses the efficacy of public policy instruments in the fight against climate change. Recorded at the 45th General Assembly.
Maryam Golnaraghi, Director of Extreme Events and Climate Risk at The Geneva Association, discusses the hurdles the insurance industry faces in scaling up green investments and expanding risk transfer solutions.
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Maryam Golnaraghi, Director of Extreme Events and Climate Risk at The Geneva Association, discusses how climate change has transformed from an environmental/scientific concern to a top priority in the board room for the insurance industry.
The insurance industry is contributing significantly to building socio-economic resilience to climate change and supporting the transition to a low-carbon economy in their role as risk management experts and investors, although a number of challenges are hindering the industry’s efforts to scale up its contribution, according to a new research report from The Geneva Association, the leading international think tank of the insurance industry.
