Country Profile I - Japan - Economy, climate: Japan’s insurers face winds of change
Source: Asia Insurance Review | Feb 2010
What does climate change have in common with the worldwide financial and economic crisis?
Not much, you might say, aside from the fact that nobody wants to admit responsibility for either.
Ms Claudia Buholzer, President of Munich Re Japan, reveals that the two challenges overlap in many areas: a shortage of capital could threaten to dry up resources for innovative renewable and low-emission energy projects, while extreme weather events due to global warming have the potential to cause major losses and influence economic recovery.
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