Analysis – Page 2
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Analysis
COP27: Time to confront a warming Europe
Temperatures in Europe have increased at over twice the global average over the past 30 years - WMO
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COP27: ‘Tangible progress’ essential to close climate finance gap
The impacts of climate change can be seen around the world in 2022, at a growing cost burden
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Surface flood risk to rise in 80% of European countries
Mainland Europe could see a 23% increase in surface water loss by mid century as a result of climate change - JBA
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Extreme climate losses 30x more likely at exposed premises
Research from FM Global shines a light on the vulnerability of commercial properties which lack resilience
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Flood Re’s resilience scheme offers substantial dividend - JBA
The take up of Property Flood Resilience could have a major impact on projected flood losses in the UK
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RIMS calls for long-term extension of NFIP
As Florida reels from Hurricane Ian, the US flood insurance program receives a brief reprieve
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Inflation a major wildcard for Florida recovery - RMS
’Wind versus water’ claims disputes to arise post Ian, with full recovery likely to “take years”
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Hurricane Ian barrels across the Florida peninsula
Over two million people are without power after the 5th most powerful storm in US history slammed into southwest Florida
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Tool measures ‘resilience dividend’ of critical infrastructure
Approach from Mott MacDonald and the Coalition for Climate Resilient Investment will attract investment adaptation
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Summer 2022 Europe’s hottest on record
An intense series of heatwaves across Europe paired with unusually dry conditions have led to a summer of extremes - C3S
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FM Global offers policyholders $300m resilience credit
The credit will be applied as a 5% premium offset against policies with renewals between 1 October 2022 and 30 September 2023
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Effects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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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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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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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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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