China has experienced its worst floods since the supposedly one in 100 years flooding of 1998, but damage to crops has reduced, Aon Benfield has said.
Recent events across Europe such as terror attacks in Paris and Brussels have resulted in a marked change in how firms look at premiums and exposures, according to PwCs latest London Market pricing conditions review.
Global reinsurers are experiencing challenges from both the asset and liability sides of their balance sheets, according to a report published by Standard and Poors (S&P).
The Institute and Faculty of Actuaries (IFoA) today signed the Overseas Development Institutes Statement urging G20 governments to gradually reduce fossil fuel subsidies.
Growth in the economy will not be able to counterbalance the damage caused by the effects of climate change, according to a report published by the Potsdam Institute for Climate Impact Research.
Investors and stakeholders should assess and manage environmental risks when undertaking initial appraisals during the construction, operation, and maintenance of infrastructure projects, according to insurance broking firm, Marsh.
Insured losses caused by natural disasters around the world have cost firms $30bn in the first six months of 2016, according to Impact Forecasting, Aon Benfield's catastrophe model development team.
The global insurance industry is failing to keep pace with pension funds in protecting its portfolios from climate risk, leaving trillions of dollars exposed and threatening financial stability, according to research.
