Reinsurance News

global warming

Re/insurers key in helping accelerate deployment of climate tech: The Geneva Association

9th April 2024

Re/insurers are essential to rolling out the climate technology needed for industries to decarbonise, according to a recent report by The Geneva Association, the global association of insurance companies. In a race to meet global climate targets, industries around the world are under increasing pressure to adopt new technologies and processes ... Read the full article

Trust in insurers is growing in a world in polycrisis: AXA

1st November 2023

Risks associated with artificial intelligence (AI), cybersecurity and global warming are among the main concerns for the general population; however, trust in various players, like insurers and scientists, to limit the consequences of new global crises is growing, according to a recent AXA report. The tenth edition of its Future Risks ... Read the full article

Tokio Marine Holdings joins the Net-Zero Insurance Alliance

20th January 2022

Tokio Marine Group is supporting the transition towards achieving net-zero greenhouse gas (GHG) emissions and is promoting measures to combat climate change through both mitigation and adaptation. The group has been launching new insurance products and services that help achieve the goals of the United Nations Sustainable Development Goals (SDGs) and ... Read the full article

Data is the biggest barrier when addressing climate risk: WTW

11th June 2021

According to a new survey by Willis Towers Watson (WTW), the availability of data is the biggest test firms expect to face over the next five years in order to address climate risk. The survey was created to gain insights on progress made to assess and manage the impact of climate ... Read the full article

Climate change is increasing wildfire risk in California: RenRe

9th November 2020

Reinsurer RenRe recently hosted a Q3 2020 earnings call in which President and CEO Kevin O'Donnell spoke about climate change and the Californian wildfires. In 2020, the Californian wildfires consumed more than 4 million acres, which is more than double that was recorded in 2017 or 2018. This has resulted in over ... Read the full article

Re/insurers need to address gradual, regional impacts of global warming: Jeworrek, Munich Re

1st March 2019

It's neither possible or wise for insurers and reinsurers to speculate and make price changes in models to account for global warming that people think will occur in two decades time, according to Torsten Jeworrek, Chief Executive Officer (CEO) of Reinsurance, Munich Re. In light of increased catastrophe losses in both ... Read the full article