An article explains why insurance companies are key players in climate prevention and adaptation - Life eCOadapt50
A great forest fire. Author: Matt Palmer (Unsplash)
The increasing frequency and intensity of extreme weather events is having a significant impact on the insurance sector, which is now strongly feeling the effects of the climate crisis. At the same time, managing and transferring climate risk is becoming more difficult, especially for projects or initiatives that are more exposed to these risks.
Nevertheless, the insurance sector can play a key role in building resilience, and we must continue working to ensure it becomes an active agent in climate prevention and adaptation. This article, which we invite you to read, offers a deeper look into how this can be done.
Additionally, if you missed it, we encourage you to watch Webinar 4: Insurance or Risk Management?, in which Arç Cooperativa and Liberty Specialty Markets explain the importance of risk management as a strategy to face the consequences of the climate crisis. The session includes an introduction to insurance market tools and to how insurance can be integrated into climate risk planning and management.