Global economic losses caused by climate change have spiked by 250% in the last three decades, putting pressure on the insurance industry. The global protection gap could reach $1.86tn by 2025, with the Asia Pacific region accounting for almost half of all uninsured risk.
Understanding the impacts of climate change has become a top priority and future-focused insurers will need to embed climate risk mitigation strategies into their operating and business models. Climate change could spark the next catastrophic wave of pandemics and Asia will face an increasingly complex set of overlapping crises. When could it be, how will it unfold and how much damage will it do? What can insurers do to make a difference and help manage the impacts? How can companies use sustainable finance to reduce their carbon footprint? And how can regulators accelerate the growth of green and sustainable finance? Proactive investment in resilience and net-zero is essential to avoid the worst impacts of climate change.
This year, at the Asia Nat CAT and Climate Change conference, we will get up close and technical to look at strategies to meet the ever-increasing new risks and demand for CAT covers in the aftermath of COVID-19. This two-day conference is a must attend for CAT underwriters, reinsurers, CAT modellers, risk managers, brokers as well as all involved in the dynamic and volatile CAT market today. The insurance industry must respond to find effective risk management strategies to meet evolving and increasing CAT exposures.
Note: In line with the Singapore's prevailing national guidelines, only fully vaccinated local and overseas delegates will be admitted into the hotel venue. Delegates must always remain masked when not consuming F&B.