UK-headquartered JBA Flood Risk Management has announced its collaboration with African-based reinsurance broker, Reinsurance Solutions Intermediary Services (RSIS), which will use the JBA global flood modelling capability to provide flood risk analytics and catastrophe modelling services for its insurance clients across Africa.
Treasurer Josh Frydenberg has issued a message to insurers, banks, and superannuation funds, urging them not to abandon sectors of the economy that will need investment to make a successful transition to net-zero emissions.
Turk Reasurans aims to expand the scope of compulsory disaster insurance, especially to cover floods, given the disasters that are frequently experienced in Turkey, according to the reinsurer's CEO, Ms Selva Eren.
While reinsurers have increased their efforts to incorporate climate change in their decision-making process, many companies are facing difficulties in robustly implementing these considerations, says S&P Global Ratings.
China plans to stop building new coal-fired power plants in other countries, President Xi Jinping announced during a United Nations General Assembly meeting on 21 September, according to a Bloomberg report.
The Insurance Council of Australia (ICA) has said that it is monitoring the number of damage claims arising from yesterday's surprise earthquake that shook the state of Victoria.
Nine out of 10 people in France are worried about weather-related events and believe Nat CAT risks are getting worse in the country as a result of climate change.
Climate change has significant implications for the health and future of children and young people, yet they have little power to limit its harm, making them vulnerable to increased climate anxiety.
New research has revealed a glaring and potentially damaging gap between climate reality and people's understanding of its catastrophic effects.
The Henan insurance industry received a total of 522,500 claims, up to 8 September, arising from the heavy floods that struck the province in July. The disaster has caused insurers to pay out CNY7.74bn ($1.2bn) in compensation and an estimated loss of CNY12.43bn up to the aforementioned date, according to data from the CBIRC.