Reinsurance News
climate risk
Climate risk related insurance and reinsurance news and analysis.
The impacts of climate related risks are a key topic for the insurance and reinsurance industry, while providing risk transfer solutions to hedge against and protect from climate risk related losses is an important area of innovation for the market.
WWF warns nature loss is widening protection gap in advanced economies
19th January 2026
The World Wide Fund for Nature (WWF), an international conservation organisation working on environmental protection and sustainable development, has published a new white paper titled “Tackling the Insurance Protection Gap: leveraging climate and nature to increase resilience”. According to WWF, the paper warns that degrading ecosystems are increasing climate-related risks and ... Read the full article
Expanding insurance coverage could strengthen societies and boost sustainability: WEF
15th January 2026
Ludovic Subran, Chief Investment Officer at Allianz, and Christian Kroll, Visiting Professor at the London School of Economics (LSE), highlight in a World Economic Forum report that the insurance industry has a central role to play in addressing climate risks, economic instability, and social inequalities. The Forum notes that while ... Read the full article
Willis Re adds Megan Hart to strengthen catastrophe and climate risk analytics
9th January 2026
Willis Re, a specialised reinsurance broking joint venture between Bain Capital (BCIS) and WTW, has announced the addition of Megan Hart to strengthen its reinsurance analytics capabilities across catastrophe and climate risk management. Hart brings more than 12 years of industry experience in reinsurance analytics, with deep expertise in catastrophe risk and ... Read the full article
Cytora partners with Climatig to embed science-backed climate risk intelligence for commercial insurers
8th January 2026
Cytora, a digital risk processing platform for the insurance industry, has partnered with Climatig, a provider of an innovative solution for calculating detailed physical climate risks. This integration embeds Climatig’s advanced climate analysis directly into the Cytora platform, allowing insurers immediate access to science-backed intelligence at the point of decision making. This ... Read the full article
Triple-I reports early signs of stabilisation in US homeowners insurance market
29th December 2025
According to the Insurance Information Institute (Triple-I), a US-based insurance industry research and education organisation, rising premiums and tighter coverage options continue to challenge household budgets across the country. At the same time, Triple-I reports that the homeowners insurance market is beginning to show early signs of stabilisation, even as affordability ... Read the full article
Pre-arranged disaster finance hits record high, Centre for Disaster Protection finds
17th December 2025
The Centre for Disaster Protection, an independent organisation working to strengthen the way the global system finances responses to climate and disaster shocks, has published new analysis showing that pre-arranged disaster risk finance has expanded rapidly worldwide, while the poorest and most fragile countries continue to receive only a small ... Read the full article
Aon provides enhanced access to Latin America catastrophe models via Oasis LMF
11th December 2025
Aon plc, a professional services firm, has announced that its Impact Forecasting team is now providing ERN’s Latin America catastrophe models to clients through the Oasis Loss Modelling Framework (Oasis LMF). Latin America is emerging as a key region for re/insurers seeking portfolio diversification. Although the region faces climate-related hazards, its ... Read the full article
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
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