Flooding is the most pervasive natural disaster in the world. Since 1980, floods have killed over 250,000 people and caused over USD 1 trillion in ... Continue Reading »
Jessica Turner, Catastrophe Advisory, EMEA, Guy Carpenter, speaks with The Insurer about the Bank of England’s climate stress test. It is a sign that central banks and international regulators are looking to “ramp up” oversight of insurer climate risk.
Pandemic insurance coverage has existed for a long time, but it has always been expensive and relatively rare. According to the Geneva Association, less than 1 percent of the estimated USD 4.5 trillion global pandemic-induced gross domestic product loss for 2020 will be covered by business interruption insurance.
Europe’s companies are reporting impressive progress in their action on climate change – but not yet nearly the progress required to hit the 1.5°C target of the Paris agreement.