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Aon & Brit back Icebreaker One’s open standard for climate data

Significant insurance and reinsurance industry players are backing a new non-profit start-up that aims to drive forwards the development of an open standard for sharing climate data, with the goal of enabling better design and development of climate risk related financial products along with the use of artificial intelligence.Icebreaker One read the full article →

Parametric risk transfer critical to address climate change: WTW’s Hess at Davos

To reach the required levels of adaptation and increase the world’s resilience to climate change, parametric insurance is critical in order to manage the long-term impacts and the transition, according to Carl Hess, Head of Investment, Risk and Reinsurance at broker Willis Towers Watson (WTW).Hess was speaking as part of read the full article →

Extreme weather, natural catastrophes among top global risks: WEF

The World Economic Forum (WEF) has published its Global Risks 2014 report, the latest update to the report where the WEF works with insurers, risk management professionals and academics to highlight the main global risks the world will face in coming years.In total 31 different risks that are global in read the full article →

World Economic Forum report outlines strategies for managing natural disaster risk

A new report recently published by the World Economic Forum, in collaboration with a range of private sector companies including re/insurers, outlines recommendations to reduce the impact of natural disasters through improving both physical and financial preparedness. The report also advocates utilising the resources of both the public and private read the full article →

World Economic Forum publish Global Risks 2011 report

Each year, the World Economic Forum (WEF) works with insurers and risk management professionals to come up with a report which highlights the main global risks the world will face in the coming year. The 2011 report has been published recently. For this report the WEF worked with Swiss Re, read the full article →