Analysis – Page 7
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Analysis
Europe counts cost of extreme heat, drought and wildfires
In many parts of Europe, human-caused climate change has resulted in annual average temperatures rising by more than 1.5°C - Munich Re
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Calls for solar industry to mitigate fire risk
With the number of PV installations dramatically increasing around the world, the threat of fire is growing
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JBA issues stark UK flood warning
Cost of severe flood events could rise by up to 42% by 2050 due to climate change
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European storms drive 1H catastrophe losses - Aon
First-half Severe Convective Storm (SCS) losses in Europe exceeded $5 billion for the second year in a row
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Germany at severe risk of flood as temperatures rise
A quarter of the world’s power generation capacity and 26% of international port outflows are currently at risk of flooding, finds Marsh McLennan
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Fire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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European wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed
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Preparing for another active hurricane season
Power and comms outages and supply chain disruptions should be among key business continuity considerations, says International SOS
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Has 2022 knocked resilience off course?
Protection gap for health, mortality and natural catastrophe risks combined reached $1.42 trillion in 2021, finds sigma
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Lloyd’s warning over state-sponsored cyber attacks
Cyber attacks targeting critical infrastructure rose from less than 10 in 2013 to almost 400 in 2020
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Why Bernd was a lesson in ‘flood dementia at all levels’
A poor understanding of floods and insufficient risk reduction measures played a key role in last year’s disaster, finds Zurich
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It’s not easy being green
Organisations are racing to declare their sustainable credentials… but should they tread more carefully?
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Beware new generation climate risks, warns SONAR
The thawing of permafrost could accelerate climate hazards and release disease-carrying pathogens
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Earth observation data: A new frontier
The application, accuracy and quantity of satellite data continues to explode with opportunities for risk transfer and mitigation
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Insurance industry must play ’fundamental role’ in transition to net zero, says Prince of Wales
The role the insurance sector must play has ‘never been greater’, says ABI director general
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AGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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NOAA predicts above-average Atlantic hurricane season
Ongoing La Niña and higher Atlantic temperatures are setting the stage for busy season ahead
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Reasons to be… cheerful?
With access to some of science’s most stark observations on the climate crisis, why is Nasa’s David Green feeling optimistic?
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‘Only a matter of time’ until parametrics become the norm
Why cover for IT downtime will be ‘the next stage of growth in parametric insurance’
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Climate crisis: Re/insurers must overhaul business models
Just 8% of insurers are resilience champions while 73% of policyholders rank climate among their top concerns