Managing risk in times of climate change is getting harder for insurance companies. Image source: Shutterstock (#151812536)
More frequent extreme weather, triggered by climate change, caused losses of uninsurered properties to increase. To manage the risks of climate change is more and more difficult to handle for insurers. A new study suggests that the insurance industry should invest in climate change resilience and thereby shows how economic and environmental resilience are linked. Unmanageable natural disasters and extreme weather can cause financial instability. As the insurance industry is that highly affected by climate change and has great expertise in the field, it could be a motor of change and initiator of action against climate change.
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