Insurers Focus on Risk and Resilience

Climate Change is considered the number one risk to the world’s economy. Global property insurance premiums are predicted to rise by a fifth by 2040 due to the growing frequency and severity of extreme weather – according to Swiss Re, the reinsurance group.

 For insurers, the risk is two-pronged – they face increased pay-outs to policy-holders as a result of more frequent floods, wildfires and droughts, while the huge investment portfolios they use to pay out on claims are also at risk from the impacts of climate change on all sectors of the economy.  

Business Reporter is delighted to share the Insurance, Sustainability and Climate roundtable with some of the UK’s industry experts to discuss how the insurance industry is developing resilience in their investments and for businesses and policy-holders.