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Damit Versicherungen und Rückversicherungenim Schadenfall zahlen können, müssensie wirtschaftlich sein. Bei häufigerenund stärkeren Naturereignisschäden müssensomit die Prämien erhöht oder die Deckungeingeschränkt werden. Um bei einer höherenVariabilität von Naturereignissen...
Back in the eighteenth century, the insurance industry in London incentivised widespread behaviour to mitigate fire risk by introducing the world’s first building fire codes in the form of fire marks, and then creating the world’s first organised fire services. Now 350 years later, the...
In the midst of global recession it is tempting for stakeholders especially policymakers to diminish the importance of climate change. Indeed this is a challenge confronting many insurers, and the importance of staying the course cannot be overestimated. ClimateWise is an insurance industry...
In December, delegations from 192 countries will hold two weeks of talks in Copenhagen aimed at establishing a new global treaty on climate change. Six months after the publication of its third major report on climate change and insurance, ‘Coping with Climate Change: Risks and opportunities...
The world’s climate is changing, due mainly to human behaviour, and the effects are predicted tointensify progressively. Already the insurance industry is faced with significant challenges, such asthe increase in flood risk in the UK. However, the need to manage climate change risks...
At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...
Extreme weather patterns are causing major damage on property and business and the question of who pays is becoming a serious issue. A law and economics point of view focuses on the problem that emitters of greenhouse gases externalize the true costs of their contribution to climate change...
Sustainability ; Climate Change ; What can the (re)insurance industry do? ; CC is also a societal choice...
There are indeed many unknowns: climate science deals in probability and risk, not in certainties. However, if we value the well being of our children and grandchildren, even small risk of catastrophic events merit an insurance-based precautionary approach...
Overview ; Current Insurance Cat Regulation ; AMIS Climate Change Group ; The Mexican Hydrometeorological Perils Endorsement ; Deficiencies in Building Codes...