Analysis – Page 13
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Analysis
FERMA: Floods are a “wake-up call” ahead of COP26
Insured losses of €4 billion to €5 billion are expected for North Rhine-Westphalia and Rhineland-Palatinate
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German floods to see sizable protection gap
There are renewed calls for a state-backed natural catastrophe scheme or introduction of compulsory flood cover
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Aon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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European floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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Wildfire costs grow for solar sector
Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube
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Resilience agenda gains ‘new urgency’
Geopolitical uncertainty and ESG are impacting strategic and operating decisions for ICT firms like never before - WTW
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Catastrophic floods strike Central Europe
Several dams burst across Germany after extreme flooding, leaving at least 180 dead and hundreds more missing
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RIMS rethinks ERM in an era of disruption
While controls are useful, risk leaders must focus on the impact of shocks at a business model level
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Risk management a top priority for boards - EY
80% say improved risk management will be critical for their business to protect and build value in the next five years - EY
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Europe counts cost of severe weather
Insurers face up to $4.5 billion in claims after the costliest severe storm period on record in Europe - Aon
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Pool Re forms advisory group for systemic risks
12 members have joined the group, planning to act to protect the UK economy as ‘when the next risk comes, we must be ready for it’
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Prince Charles and global insurers join forces on climate change
Lloyd’s chairman says that ’partnership and accelerated action’ can help address ‘unprecedented’ climate change risk
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Climate warning for cotton/apparel industry
One third of India’s cotton growing regions face severe climate risks by 2040 if carbon emissions continue to soar
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Rome to feel as hot as Agadir, Morocco, by 2050
European cities will increasingly experience pressure on power and water supplies due to regular heatwaves, warns Verisk Maplecroft
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UK ill-prepared for climate change - CCC
Report emphasises need for risk mitigation as nearly 60% of risks and opportunities are given the highest urgency score
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COVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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BoE launches climate stress test for banks, insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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Emerging risks and the “COVID effect”
Government support programmes have kept alive unviable zombie companies, while wealth inequality has broadened, finds Swiss Re SONAR
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Denmark, Norway most resilient nations - FM Global
Climate risk is an increasingly important factor for companies and leaders making strategic decisions
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Climate: Tide turns on energy firms
After Shell and ExxonMobil, why climate change in major emerging markets could be next legal battleground for energy firms