Reinsurance News
Climate change news
News on climate change and how it affects the global insurance and reinsurance industry.
All eyes on re/insurance at NYC Climate Week: S&P
8th October 2025
Re/insurance took centre stage at this year’s Climate Week NYC, held September 21–28, as growing urgency drives the adoption of new strategies and practices to assess climate-related risks, according to S&P. Climate Week NYC 2025, organised by Climate Group in partnership with the UN General Assembly and the City of New ... Read the full article
HDI Global deploys advanced digital tool to transform nat cat risk analysis
6th October 2025
HDI Global, a commercial and specialty lines insurer, has announced the roll out of HDI ARGOS 4.0 (Accumulation Risk Geospatial Online System), an advanced digital risk management service for its clients. This NatCat assessment tool, created in response to the increasing frequency and severity of natural catastrophes driven by climate change, ... Read the full article
Climate change could drive reinsurance volume, but softening a more immediate threat: Morningstar
29th September 2025
While climate change could drive reinsurance volume in the long-term, softening of the market is more important in the medium-term, Morningstar analysts have highlighted in a recent report. The re/insurance industry is facing increasing losses as global temperatures continue to increase, a direct consequence of climate change. While the frequency of ... Read the full article
Aon expands Transition Performance Index to support insurers’ underwriting decisions
24th September 2025
Aon, the global insurance and reinsurance broker, has expanded its transition analytics offering with the launch of the TPI Portfolio, an enhancement to its existing Transition Performance Index (TPI). The broker explains that this expanded capability aims to help insurers assess their risk appetite and make more efficient underwriting decisions. It ... Read the full article
Access to insurance not yet driving climate adaptation investments: Marsh
19th September 2025
In a landscape of increasing extreme weather events, only 5% of private sector organisations view “access to insurance” as their primary motivation for investing in climate adaptation, compared to 53% who prioritise the “need to manage risk,” according to a recent survey by Marsh. Marsh’s 2025 Climate Adaptation Survey analysed responses ... Read the full article
Re/insurer profits at risk from climate-driven health impacts without adaptation: WEF
18th September 2025
According to a new report from the World Economic Forum, developed in collaboration with Boston Consulting Group (BCG), without adaptive action, climate-driven health impacts could erode insurer profitability and push coverage costs higher for consumers across markets. The new report, which assessed climate-driven health impacts across four of the most affected ... Read the full article
Zurich expands Climate Spotlight to Asia Pacific
12th September 2025
Zurich Resilience Solutions (ZRS), the commercial risk advisory unit of Zurich Insurance Group, has expanded its comprehensive climate resilience offerings, Climate Spotlight, to Asia Pacific. This advanced climate risk analysis tool supports smarter decisions and long-term resilience for clients. This launch underscores Zurich's global commitment to supporting customers through the climate transition, ... Read the full article
Secondary perils a “big opportunity for the reinsurance market,” says Karen Clark
5th September 2025
Advancements in risk modelling offer a big opportunity for the reinsurance market to better understand and price secondary perils, the co-founder and CEO of Karen Clark & Company (KCC), Karen Clark, shared in a recent interview with Reinsurance News ahead of the annual meeting of the reinsurance industry in Monte ... Read the full article
Planette’s quantum-inspired forecasting system to improve extreme weather prediction
5th September 2025
In a move to combat the growing challenges of extreme weather, the U.S. National Aeronautics and Space Administration (NASA) has chosen Planette, a long-range weather prediction technology company, to develop QubitCast, a next-generation forecasting system. This new system aims to provide more accurate and timely predictions for extreme events like heavy ... Read the full article
African Development Bank approves $30m for climate resilience in Benin
29th July 2025
The African Development Bank Group (AfDB) has approved $30.25 million in financing for a program aimed at bolstering climate protection and agricultural sector resilience in Benin, West Africa. This investment will help 150,000 smallholder farmers, particularly in the vulnerable northern regions, to mitigate the devastating effects of droughts and floods on ... Read the full article
SCOR unveils NatReCo Initiative to drive nature-positive re/insurance solutions
11th June 2025
SCOR has launched the NatReCo Initiative to offer clients re/insurance solutions supporting nature-positive projects that address societal challenges such as climate change, health and wellbeing, food and water security, sustainable agriculture, and natural catastrophe risk. The French reinsurer suggested that it strives to optimise its impact on nature and people by ... Read the full article
Brazil faces intensifying climate risks as insurance sector adapts to shifting weather patterns: Howden Re
8th May 2025
Howden Re, the reinsurance and strategic advisory division of Howden, has launched its fourth edition of the Brazil and Global Climate Impacts report, created in collaboration with MeteoIA, a climate analytics firm. This latest report provides an in-depth look at Brazil’s changing climate patterns, offering a review of the last quarter’s ... Read the full article
BoE updated supervisory expectations to strengthen climate risk management for insurers
6th May 2025
As economic and insurance exposures in high-risk regions are likely to increase with climate change, impacting banks’ and insurers’ ability to support clients, the Bank of England has updated its supervisory expectations to help guide these firms in managing climate-related financial risks. In recent years, the world has faced a number ... Read the full article
REPAIR programme supports Mozambique’s cyclone recovery
14th April 2025
The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme, a collaborative initiative led by the World Bank, supported by the Global Shield Financing Facility (GSFF), and implemented by ARC Ltd., an affiliate of the African Risk Capacity Group, has demonstrated the crucial role of swift disaster response. Just two ... Read the full article
Global insurers face rising regulatory costs due to climate change and AI challenges, Fitch says
4th April 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, has highlighted in a new report that global insurers are facing rising regulatory costs driven by structural changes in the life insurance sector, climate change, and the growing role of artificial intelligence (AI), as industry regulators intensify their response to ... Read the full article
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