AIG has joined a taskforce established by The Geneva Association to develop and hone climate risk assessment methodologies and tools for the insurance industry.
Climate change will increase the frequency of flash droughts in India, which will have a negative impact on country's agriculture and irrigation according to a new study by Indian Institute of Technology (IIT) Gandhinagar.
Major US insurance companies still have nearly $90bn invested in coal, which is the single biggest contributor to anthropogenic climate change according to a new research report released by Rainforest Action Network in February 2021.
The UN Environment Programme (UNEP) has issued a market-first practical toolkit for financial institutions to pivot their activities towards financing a sustainable blue economy.
The compulsory insurance system for vehicles covers all motor accidents by vehicles that are fully insured unless they constitute a felony or intentional misdemeanour, the director of the Insurance Department of the Ministry of Industry, Trade and Supply, Mr Wael Mahadin, has said.
More than four in five consumers polled in a sustainability survey say that they are willing to start or are already taking action in response to climate change, according to international consultancy, Boston Consulting Group (BCG).
Insurance support for communities in New Zealand hit by extreme weather events has hit a new annual record of NZ$248m ($185m), with insurance customers making more than 13,600 weather related claims for the 12 months to December 2020, says the Insurance Council of New Zealand (ICNZ).
About 20% of Mumbai Metropolitan Region's (MMR) coastline is vulnerable to annual flooding during natural disasters and from a gradual rise in the sea level according to a new study.
Fitch Ratings considers climate change and its impact on natural catastrophe losses to be one of the most important environmental, social, governance (ESG) risks for non-life and composite insurers, and reinsurers. Nevertheless, climate change has a minimal impact on most insurance ratings within Fitch's portfolio.
Both the Insurance Council of Australia (ICA) and Master Builders Australia (MBA) have committed to working with the government to improve information sharing between the sectors, and to improving consumer information on housing resilience.