Insurers gear up to grapple with the impact of climate change

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The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers.

Scientists have warned for some time that rising air and sea temperatures could mean an increase in the frequency and severity of natural catastrophes.

Re/insurers have always paid close attention so such ideas, and any related research, as they could be particularly hard hit by such developments, both on the asset as well as on the liability side of their balance sheets.