Technical Feature - Ensuring Favourable Results: How the Insurance Industry Must Respond to Climate Change
Source: Asia Insurance Review | Feb 2008
There is now broad agreement that major global climate changes are taking place, and the discussion has shifted to understanding how and where these changes will play out. The global insurance industry will be deeply affected by climate change in ways which extend well beyond the new weather-related claims that insurers have already begun to encounter. Mr Andrew Rear, Head of Insurance, Europe, Middle East & Asia, and Mr David Knipe, Director, Corporate Risk at Oliver Wyman, look at how the industry will have to rethink its investment strategies and the basics of its operations as well as its products and underwriting standards.
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