A growing body of expert opinion now agrees that climate is changing – and that human activity is playing a major role. Even more alarmingly, the latest evidence suggests that future climate change may take place quicker than previously thought.
The issue of climate change will be vital to the future of the insurance industry. So far the industry has coped with the huge costs of weather-related catastrophes. But it is by no means certain that we will continue to do so and there is no doubt that we are not taking the issue of catastrophe trends seriously enough. We need to take action now and start discussing the steps we should take as an industry to prepare for the impact of climate change. It’s a case of adapt or bust.
Learn more about the issues and impact of climate change and the steps the insurance industry might take to address this problem.
