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.
Rising extreme weather and building practices could put insurance affordability at risk: Geneva Association
14th May 2025
As extreme weather events and related losses increase around the world, the Geneva Association calls for action to safeguard the availability and affordability of home insurance, particularly in advanced economies. In its recent report, ‘Safeguarding Home Insurance: Reducing exposure and vulnerability to extreme weather’, the Geneva Association examines the socioeconomic factors ... Read the full article
Aon warns business leaders of compounding risks from AI, climate change, and trade disruption in 2025
7th May 2025
Aon, a global professional services firm, has released its Client Trends 2025 report, emphasising the growing interdependence of four powerful forces—Trade, Technology, Weather, and Workforce—that are shaping the operating environment for organisations worldwide. The report draws on Aon’s extensive capabilities in both risk capital and human capital to explore how these ... 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
IDF to offer free modelling tools suit for climate & disaster risk analysis
28th April 2025
The Insurance Development Forum (IDF) Risk Modelling Steering Group (RMSG) has launched a new IDF web page that houses a suite of free, open access risk modelling tools for climate and disaster risk analysis. IDF stated: “Designed to advance climate and disaster risk understanding and quantification of disaster risk globally, open ... Read the full article
Aon’s new US well-plugging solution to help mitigate risk in carbon credit market
14th April 2025
Aon’s Climate Risk Advisory and environmental risk solutions teams have developed a new specialty insurance product to cover liabilities and mitigate the risk associated with the plugging of abandoned oil and gas wells in the US. The new Plug and Well Exit Liability product, created in collaboration with U.S. environmental firm ... Read the full article
MAIF enhances climate Risk modelling with Moody’s high-definition risk model
3rd April 2025
MAIF (Mutuelle assurance des Instituteurs de France), a mutual insurer serving over four million households, associations, businesses, and communities across France, is enhancing its ability to assess and manage climate risks through Moody’s advanced risk modelling solutions. Through this collaboration, MAIF will gain access to Moody’s RMS high-definition risk models, focusing ... Read the full article
73% of executives deprioritising sustainability amid economic uncertainty, says Beazley
26th March 2025
A new report from Beazley, a global insurer, underscores a growing disconnect between escalating climate and environmental risks and the reluctance of global business leaders to prioritise sustainability amid economic instability. The firm's latest Risk & Resilience report, which surveyed 3,500 executives worldwide, indicates that the pressures of an uncertain economic ... Read the full article
Swiss Re remains resilient amid climate and economic challenges
13th March 2025
In the face of escalating climate disruption and persistent economic uncertainty, Swiss Re has demonstrated resilience, delivering a significant dividend increase for 2024 while managing claims exceeding $37 billion across the Group, Jacques de Vaucleroy Chairman of the Board of Directors and Andreas Berger, Group Chief Executive Officer, highlighted in ... Read the full article
Rob Best to lead DUAL UK’s newly launched Climate Risk & Resilience team
11th March 2025
DUAL UK, part of the specialist underwriting arm of Howden Group, has announced the launch of its newly created Climate Risk & Resilience (CR&R) underwriting team. The CR&R team, under the leadership of Rob Best, will introduce a range of insurance products aimed at assisting businesses in navigating the decarbonization and ... Read the full article
ZestyAI partners with Colorado FAIR Plan to help expand insurance accessibility
7th March 2025
ZestyAI, a provider of AI-driven climate and property risk analytics, has partnered with the Colorado FAIR Plan to expand insurance access for homeowners facing coverage challenges amid the climate crisis. The Colorado FAIR Plan will leverage ZestyAI's AI-driven risk models, Z-FIRE™, Z-HAIL™, and Z-WIND™, to provide property-specific risk assessments for wildfire, ... Read the full article
MSCI and Swiss Re partner to boost climate risk assessment for financial sector
21st February 2025
Research provider MSCI is partnering with Swiss Re Reinsurance Solutions to enhance the financial sector’s ability to assess, manage, and mitigate their physical climate risk. This collaboration will see the combination of MSCI’s GeoSpatial Asset Intelligence with Swiss Re’s proprietary natural catastrophe and climate risk data and insights. This will give financial ... Read the full article
Cyber attacks considered top business concern for 2025: Allianz
15th January 2025
Cyber incidents are considered the top risk for companies globally in 2025, according to the Allianz Risk Barometer. Business interruption is also a main concern for companies of all sizes, remaining in second place, with natural catastrophes ranking third. Geopolitical turmoil, impact of government and regulatory change, and fear of trade wars ... Read the full article
Aon collaborates with Fathom to enhance Climate Risk Monitor solution
19th December 2024
Aon has expanded its Climate Risk Monitor solution, launched in March this year, to include enhanced flood risk capability through its most recent collaboration with flood expert, Fathom. This partnership looks to assist clients to better understand the influence of a changing climate on flood perils worldwide. The Climate Risk Monitor allows ... Read the full article
Cytora & Moody’s RMS to help insurers overcome climate & natural disaster challenges
19th December 2024
Cytora, the digital risk processing platform has entered into a partnership with Moody's RMS, the global catastrophe risk modeling and solutions company, in a move that is set to help insurers weather climate and natural disaster risk. According to the announcement, Moody’s RMS Location Intelligence API, which provides catastrophe peril insights ... Read the full article
There is a big nat cat protection gap that the industry needs to address: Swiss Re CEO, Berger
18th December 2024
The financial impact of natural catastrophes remains a key topic across the insurance and reinsurance sector, with the past five years exceeding the USD 100-billion mark in terms of losses, but admittedly, there is a big protection gap that the industry needs to address, says Andreas Berger, Group Chief Executive ... Read the full article
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