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Coalition for Climate Resilient Investment targets resilience bonds

A newly launched Coalition for Climate Resilient Investment is set to bring together significant investment and risk industry expertise, with goals including to properly price climate risk, align investment flows with resilience initiatives and to introduce resilience bonds.The Coalition for Climate Resilient Investment was officially launched yesterday at the United 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 →

Closing the insurance gap needs capital market support: Lloyd’s

In order to close the insurance protection gap the world's oldest insurance and reinsurance market, Lloyd's of London, says that capital market investment, channeled through insurance-linked instruments, is going to be a key tool to help achieve this.Lloyd's notes in a release today that efforts to close the disaster protection read the full article →