The Bank of England (BoE) said on Wednesday that insurers must fill data gaps in order to be better prepared for the impact of climate change on their operations, and that additional research on how much capital they should hold may be required. The Bank of England recently published the results of its first climate-related… Continue reading Insurers Need to Do More to Prepare for Climate Change, BoE Says
Tag: climate change insurance
Amwins: Climate Change an Increasing Factor in Reinsurance Pricing
Ongoing climate change is expected to influence pricing decisions for property reinsurers, stifling price cuts in the short term. That’s the message from Jessica Zuiker, Amwins Group’s assistant national property practice leader, and Rich DiClemente, Amwins Re’s president. The pair cited last year’s losses as a result of natural disasters. “With losses totaling $145 billion,… Continue reading Amwins: Climate Change an Increasing Factor in Reinsurance Pricing