climate risk

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

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