world economic forum

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.

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).

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.

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 sectors to effectively manage natural […]

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, Marsh & McLennan, Wharton Center […]