Insurance Insider

Catastrophe risk, climate change and the convergence market

Reinsurance and ILS is ‘still in its infancy’ in understanding climate change’s impact on catastrophe risk.
Continued support for fossil fuel-producing clients will remain a bedrock of energy insurance underwriting for some time to come as the insurance market looks to shift towards environmentally friendly underwriting, market participants have told Insurance Insider.
Joachim Wenning said the financial sector would play a crucial role in the “very, very costly” energy transition.
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