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Capital + tech + data can help address climate risks: Schauble, Nephila

The use of efficient capital from the insurance-linked securities (ILS) market, along with advanced technology and expanding amounts of data, can help the world in addressing climate risk, comments by Barney Schauble, Managing Principal at Nephila Advisors suggest.With climate change rising up the political and social agenda all the time, read the full article →

Climate change threat seen as increasingly urgent by re/insurers: PwC report

The threat posed to insurance and reinsurance markets by climate change is seen as increasingly urgent, as it drives some in the industry to believe risks could become uninsurable, while others highlight that the uncertainty associated with this risk is breaking pricing models.This is according to the respondents to the read the full article →

Climate change a factor in U.S. east coast hurricane threat: Researchers

Climate change is a factor in the intensity of hurricanes that threaten to strike the east coast of the United States, according to researchers who say that CO2 and greenhouse gases are helping to diminish the wind shear that can act as a barrier to storms.Wind shear along the U.S. read the full article →

Above average Atlantic hurricane & west-Pacific typhoon seasons forecast by AbsoluteClimo

Hawaii based climate and weather modeling, forecasting and risk management firm AbsoluteClimo has forecast an above average number of Atlantic hurricanes and west-Pacific typhoons will form during the 2019 seasons.The forecast goes a little against the grain of other meteorological organisations, who currently predict a relatively average hurricane season in read the full article →

Climate risks embedded in re/insurers’ investments highlighted

A very important point was raised by the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) recently, that insurance and reinsurance firms hold significant exposure to climate related risks in their investment portfolios, as well as the exposures they assume through underwriting.It seems a simple thing and read the full article →

Physical & financial effects of climate change are accelerating: WMO

The physical and financial impacts of climate change are accelerating, according to the World Meteorological Organization, who says that record greenhouse gas concentrations are pushing global temperatures towards increasingly dangerous levels.The impacts and effects of climate change on the frequency, intensity and overall occurrence of severe weather related catastrophes and read the full article →

Yesterday’s climate tail risk closer to today’s central scenario: Mark Carney

Insurance and reinsurance companies are on the "front line of managing the physical risks from climate change" and are now aware that "yesterday’s tail risk is closer to today’s central scenario," according to Mark Carney, Governor Bank of England.Of course insurance-linked securities (ILS) funds and their investors are also on read the full article →

Climate catastrophe risk models launched by AbsoluteClimo

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has launched what it calls the "World's First Catastrophic Risk Models Linked To Skillful Climate Physics Prediction."Climo๏Cats (ClimoCats), as its climate catastrophe risk models are called, will enable insurance, reinsurance and insurance-linked securities (ILS) market participants read the full article →

ILS at forefront of monitoring for climate change impacts: John Seo

The impacts of climate change present challenges for all industries and markets, but over the last two decades, the insurance-linked securities (ILS) sector has been at the forefront of monitoring new or unexpected impacts, according to John Seo, Co-founder and Managing Director of Fermat Capital.“New or unexpected impacts from climate read the full article →

Investors increasingly ask about climate change: Adam Beatty, Nephila

Capital market investors that participate in the insurance-linked securities (ILS) or reinsurance linked investing space are increasingly asking questions about the potential impacts climate change could have on the risk landscape.This is according to Adam Beatty, Managing Director of Nephila Advisors, a division of the world’s largest ILS manager, Nephila read the full article →