climate risk

Ortec Finance warns insurers of mounting climate-driven financial pressures

10th December 2025

Ortec Finance, recognised for its technology and risk-management expertise within the financial sector, has issued new findings that underscore how rapidly climate pressures are reshaping the insurance industry’s financial outlook. The company’s research concludes that insurers will need a fundamental shift in their investment strategy if they intend to protect their ... Read the full article

CCRIF introduces Livelihood Protection Policy to support vulnerable groups after severe weather events

4th December 2025

CCRIF, a regional risk pooling organisation that provides parametric insurance to Caribbean and Central American governments, has introduced the Livelihood Protection Policy (LPP) in Jamaica as the country continues to deal with the aftermath of Hurricane Melissa. The storm left thousands of low income Jamaicans facing significant challenges in restarting their ... Read the full article

UK insurers integrate sustainability as core risk but seek regulatory clarity to drive greater impact

26th November 2025

The UK insurance sector is making notable strides in embedding sustainability across investment, underwriting and risk management, according to Insurers for Purpose – Navigating sustainability integration across the insurance sector, a report by Pensions for Purpose commissioned by Federated Hermes, Fidelity International, Gresham House, Mercer, SAIL Investments and Solas Capital. The ... Read the full article

IDF releases roadmap to expand global insurability and reduce protection gaps

13th November 2025

The Insurance Development Forum (IDF), a public-private partnership that brings together the insurance industry, international organisations, and development institutions, has released a new paper titled Increasing Insurability to Close Protection Gaps. The report examines the growing divide between insured and uninsured losses from natural disasters and outlines strategies to strengthen global ... Read the full article

WWF urges global leaders at COP30 to integrate climate and nature into financial resilience strategies

10th November 2025

The World Wide Fund for Nature (WWF), an independent conservation organisation, is calling on policymakers and financial regulators gathering at COP30 to place climate and nature action at the centre of financial resilience strategies. In a new policy brief focused on advanced economies, WWF warns that escalating climate impacts and the ... Read the full article

GILC report reveals rising catastrophe costs and insurance innovations to close protection gap

7th November 2025

Global Insurance Law Connect (GILC), an international network of law firms specialising in insurance and reinsurance, has published its inaugural Property Catastrophe and Climate Governance Report, drawing on contributions from 23 member firms worldwide. The report examines the evolving landscape of natural catastrophe risks, the pressures facing property owners and insurers, ... Read the full article

McGill & Partners works with Google Earth AI for faster disaster response

24th October 2025

Insurance and reinsurance broker McGill & Partners is leveraging Google's cutting-edge AI and massive Earth observation data capabilities to enhance how they understand, model, and price global risks, particularly those related to climate and natural catastrophes. The broker is collaborating with Bellwether, a group of geospatial experts from X, Alphabet’s Moonshot ... Read the full article

Moody’s estimates $6tn in US GDP losses from climate and natural disaster risks by 2050

1st October 2025

Moody’s has released a detailed assessment of the potential economic and financial consequences of natural catastrophes and physical risk by 2050. Their findings indicate that, without additional policy interventions, the global economy could incur $41.4 trillion in losses, representing 14.5% of projected global GDP. According to Moody’s, around two-thirds of these losses ... 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

Oka launches green credit insurance offering

21st August 2025

Oka, the US carbon-credit insurance carrier, has announced the expansion of its climate risk solutions with the launch of a new green credit insurance offering. The expansion builds on Oka’s carbon products, and aims to de-risk a wider range of sustainable finance projects. Oka’s expanded suite now includes coverage for:

• Transition project

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

Demex reopens aggregate loss reinsurance market for frequent storm losses with new solution

22nd July 2025

Demex, a climate risk MGA and data analytics firm based in Washington, D.C., is driving a shift in how the reinsurance industry handles the financial burden of severe convective storms (SCS). With a new aggregate, working-layer reinsurance structure, Demex has become the first to successfully provide scalable coverage for high-frequency storm ... Read the full article

Zurich urges stronger climate resilience for Europe’s clean energy infrastructure

24th June 2025

In a recent report, Zurich Insurance Group emphasised the urgent need to strengthen Europe’s clean energy infrastructure against growing climate-related threats, calling for stronger collaboration between the public and private sectors. The report analysed more than 25,000 power generation sites across France, Germany, Italy, Spain, and the UK. Using Climate Spotlight, ... Read the full article

Mosaic develops hybrid coverage to support orphaned well projects in North America

19th June 2025

Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has introduced a new product aimed at supporting efforts to remediate abandoned and orphaned oil and gas wells across North America. The company’s environmental division has created a hybrid insurance solution that combines elements of pollution and well control coverage. The ... Read the full article

Start Network and Aon launch reinsurance mechanism to strengthen climate crisis funding

3rd June 2025

Start Network, a coalition of over 50 humanitarian charities, and Aon, a global re/insurance broker, have partnered to launch an innovative reinsurance product to strengthen Start Ready’s ability to provide early, anticipatory funding for climate crises. This mechanism provides a crucial reinsurance layer of protection to Start Ready, a global pooled ... Read the full article