Climate

climate change risks

How climate change is making it more difficult for risk managers to find adequate insurance

By Sara Benwell

As insurers grapple with increasingly frequent and severe natural catastrophes, the insurability of cat risks is being called into question, with worrying implications for risk managers.

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Brokers missing the mark on ESG factors

By Sara Benwell

UK brokers are failing to consider ESG factors when evaluating insurers, according to new research from GlobalData.

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Global warming likely to overshoot 1.5C by 2030s, warns IPCC

Changes in the food sector, electricity, transport, industry, buildings and land-use can reduce greenhouse gas emissions

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Major floods continue across NSW, Victoria

Widespread disruption continues due to flood-impacted roads, rail, homes, properties, businesses and agricultural land

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COP27: ‘Tangible progress’ needed to close climate finance gap

The recent floods in Pakistan caused $30 billion in economic losses - more than 10% of the country’s GDP

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Special report: Climate change 2022

Why risk professionals are the ideal people to make sense of the complexities surrounding climate change

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Asian nations lead emerging world in climate commitment

Malaysia and China are ’exemplars’ and governments of Bangladesh, Malaysia and the Philippines are ’strongly committed’

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Are you ready for the SEC climate rules?

Publicly-listed firms will be compelled to report on third party climate risks as well as their own

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Moving towards net zero

Opportunities and risks around greener business

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Marsh expands climate transition offering

Collaboration with deep tech data analytics platform will help corporations understand, manage, and report on their net zero journey

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Geopolitics, climate crisis and state meddling

Why 2022 will be a high-wire act for Asian businesses

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WEF Report: From ‘fight or flight’ to ‘boiling frog’

By Helen Yates

Why it’s time to shift out of crisis management mode as geopolitical tensions obstruct resilience efforts

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WEF Report: Climate inaction dominates global concerns

By Helen Yates

Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on

View from the board

How climate is changing the world’s boardrooms

75% of board members say climate change is very or entirely important to the strategic success of their companies - report

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COP26: Risk management “central” to climate mitigation

Insurance industry has a “unique contribution” in advancing understanding and sharing of climate-related risks - report

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COP26: International Sustainability Standards Board launches

Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD

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COP26 “must be a turning point” - UN

As the World Leaders Summit gets underway in Glasgow, WMO warns the past seven years were the hottest on record

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IRM publishes climate change guidance

It is the first time the IRM has published a guidance report focused solely on climate change for risk managers

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Global floods events lead 2021 nat cat tally - CRESTA

Extreme floods in Henan province in July caused claims of $1.9 billion, the largest cat event loss ever for Chinese insurers

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A nature-based approach to risk mitigation

Why firms most impacted by the climate crisis are looking more strategically at nature-based solutions

Indonesia floods

Chinese insurers endure costliest-ever nat cat

The total economic cost of flooding in China in July has been estimated at nearly $25 billion - Impact Forecasting

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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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Climate: Tide turns on energy firms

By Helen Yates

After Shell and ExxonMobil, why climate change in major emerging markets could be next legal battleground for energy firms

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WTW launches climate transition risk framework

New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance

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Environmental risks a growing credit driver for Chinese insurers

Insurers’ have a rising exposure to climate-related disasters and decarbonisation policies warns Moody’s

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Financial sector grossly underreporting climate exposure

Just a quarter are reporting portfolio emissions, which are on average 700 times higher than direct emissions

NSW floods

NSW floods declared a catastrophe

Large parts of New South Wales, including Mid-North Coast and Hawkesbury-Nepean, are inaccessible after widespread floods

Kerala Floods

Nat cat loss tally rises in October

Total combined economic losses from heavy seasonal rainfall across India are estimated at $4 billion

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Study predicts near-normal tropical cyclone activity

Above-average numbers are however anticipated for the Philippines in the first part of 2020, as ENSO neutral conditions continue

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COVID-19: The role of climate change

By Helen Yates

Climate change and growing extremes will likely increase the threat of global pandemics, according to AIR Worldwide

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2018: Worst natural disaster

In 2018, a number of large storms have battered the globe leaving a trail of physical and economic destruction behind them. StrategicRISK is looking back on the year by examining the costliest natural disaster.

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Climate risk could make world 'uninsurable'

Increasing risks to all businesses as nations are failing to act on their current Paris Agreement commitments, with the planet is heading towards a 4°C or higher trajectory.

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Nat-cats driving risk strategy changes in APAC

The globe is being battered by an increasing number of natural catastrophes which are forcing risk managers to rethink strategy. Andre Martin, head of innovative risk solutions, Swiss Re Corporate Solutions tells StrategicRISK why you shouldn’t let natural perils disrupt your business.

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Emerging risks to watch in 2019

As we approach the final months of the year, which issues are expected to pose the greatest threat to risk managers in 2019? Leading managers pick the top emerging risks for the year ahead.

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Global initiatives drive climate change collaboration

The Asia-Pacific risk industry is rethinking its approach to climate change, driven by global initiatives encouraging climate-related financial disclosure and industry collaboration.

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QBE's new climate risk tool is out of this world

QBE forms a partnership with climate prediction and risk management firm, Jupiter.

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Top risk priorities for the Ayala conglomerate

StrategicRISK caught up with Victoria Tan, head of risk management and sustainability at Philippine conglomerate Ayala Corporation, at Risk Forum APAC 2018 in Singapore to find out what makes her tick

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Beware the Gray Rhino, not just the Black Swan

IKEA China’s risk management and compliance director and RIMS board member Robert Zhang spoke to StrategicRISK about the fast-changing risk landscape

Climate Change Smoke

Nowhere to hide from climate risk

Climate Action 100+ initiative, launched in Paris today, will target 100 global companies responsible for an estimated 15% of global emissions