In September 2023, the International Institute for Environment and Development published a guide for governments, conservationist practitioners and insurers to promote coexistence between humans and wildlife through commercial insurance schemes.
Recent drought related data based on new research in the last few years and compiled by UN Convention to Combat Desertification (UNCCD) points to "an unprecedented emergency on a planetary scale, where the massive impacts of human-induced droughts are only starting to unfold."
Members of Insure Our Future campaign have asked the global insurance industry to take immediate action to slow the climate crisis and support the urgent transition from fossil fuels to renewables.
A new whitepaper published by Gallagher Re reveals that over 50% of businesses have experienced disruptions in their production networks due to extreme weather events, highlighting the fragility of global supply chains.
Small island developing states and other vulnerable countries are facing overwhelming threats from extreme climate events such as droughts, tropical cyclones and floods according to a new study.
ESG is increasingly being regarded as an important area of risk for business executives globally according to a new survey by specialty insurer Beazley.
Nearly 229,500 properties in Australia are exposed to a 1-in-20 year flood risk according to new data analysis released by the Insurance Council of Australia (ICA).
The fragility of our world order and the hazards inherent in an increasingly interconnected world have been highlighted by events such as the COVID-19 pandemic, President Putin's invasion of Ukraine and global economic slowdown in the recent years.
High inflation and interest rates, attracting and retaining talent and digital transformation will have the greatest impact on the European insurers' ability to secure future revenue growth in 2024 according to a survey conducted by WTW.
The accelerating climate change can increase the likelihood of widespread disruptions to the financial sector, including the insurance sector according to a new report released by the Bank for International Settlements (BIS).