On a global scale, some cities are sinking faster than sea levels are rising, says the Global Risks Report 2019, which was produced by World Economic Forum with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies. Asia will be the worst affected region as a result of a combination of hydrology, population density and asset concentration. Asia is h ... Continue Reading »
climate change
New products and data key to building more resilient societies, says Schauble; MMC Young Professionals’ Global Forum 2019
As climate change rises up the agenda, there are huge opportunities to help companies manage risk in the burgeoning weather protection market, said Barney Schauble, Managing Principal, Nephila Advisors. Speaking at the MMC Rising Professionals' Global Forum, he said: "It feels like the early days of the catastrophe ILS market." ... Continue Reading »
The Middle East and North Africa Risks Landscape
The results of climate inaction are becoming increasingly clear. The year 2018 was the fourth warmest on record (1). In the MENA region, Algeria had the hottest temperature - 51.3ºC - ever reliably recorded across the whole of Africa, and Oman recorded a minimum temperature of 42.6ºC (2). Rising temperatures led the United Nations to warn that melting ice sheets were causing s ... Continue Reading »
Investing in a Time of Climate Change – The Sequel
A new report, Investing in a Time of Climate Change — The Sequel, documents Mercer’s latest climate scenario model for assessing the effects of both climate-related physical damages (physical risks) and the transition to a low-carbon economy (transition risks) on investment return expectations. The Sequel models three climate change scenarios, a 2°C, 3°C and 4°C average warming ... Continue Reading »
Climate Change Has Claimed Its Biggest Corporate Victim; Now Banks Are on Alert
Rob Bailey, Director of Climate Resilience at Marsh & McLennan Insights Contact When PG&E filed for Chapter 11 protection in January, The Wall Street Journal dubbed it the "first climate change bankruptcy." The California power utility was facing USD 30 billion in potential liabilities following a series of devastating wildfires linked to its equipment -- ... Continue Reading »
Asia Region Most affected by Rising Sea Levels
On a global scale, some cities are sinking faster than sea levels are rising, says the Global Risks Report 2019, which was produced by World Economic Forum with the support of Guy Carpenter's parent company, Marsh & McLennan Companies. Asia will be the worst affected region as a result of a combination of hydrology, population density and asset concentration. ... Continue Reading »
Environmental Disasters Leading to Increased Disruption to Supply-Chains
As environmental risks crystallize with increasing frequency and severity, the impact on global value chains is likely to intensify, weakening overall resilience, according to Global Risks Report 2019, which was produced by the World Economic Forum with the support of Guy Carpenter's parent company, Marsh & McLennan Companies. ... Continue Reading »
Global Risks Report: Heightened Geopolitical and Geoeconomic Tensions
Profound political, economic, societal, technological and environmental transformations are occurring at an unprecedented scale and pace and have become a part of day-to-day business life, according to the 14th edition of The Global Risks Report, prepared by the World Economic Forum (WEF) with the support of Marsh & McLennan Companies and other partners. This year’s r ... Continue Reading »
Increasing Frequency of Extreme Weather Events in Asia Pacific
The Asia Pacific may be the most adversely impacted region by the pronounced increase in the frequency of extreme weather events around the world. The Guy Carpenter Asia-Pacific Catastrophe Report 2017 projects an increase in economic losses from natural disasters in Asia, which amounted to USD 126 million a day between 2006 to 2015 (1). ... Continue Reading »
How climate-resilient is your organization?
Stakeholders are looking for greater transparency on the risks and opportunities presented by climate change and the shift to a low-carbon economy. This focus is increasing with the accelerating support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) released in June 2017. However, organizations have questions about how to disclose on ... Continue Reading »
