The UK can end its contribution to global warming within 30 years by setting an ambitious new target to reduce its greenhouse gas emissions to zero by 2050, the Committee on Climate Change (CCC) says today. Continue reading “Phase out greenhouse gas emissions by 2050 to end UK contribution to global warming”
New pension rules requiring providers to disclose environmental, social and governance (ESG) considerations are “not enough” to protect savers from the risks posed by climate change, according to the chief executive of the UK Sustainable Investment Forum (UKSIF), Simon Howard. Continue reading “New pension rules inadequate to protect savers from climate change risks”
New Report Examines the Physical Risks Associated with Climate Change on Municipal Bonds, Commercial Real Estate and U.S. Utilities
Integrating Sustainability Factors into Investment Research Process is Critical to Risk Management
New York, April 4, 2019 – Investors are underpricing the impact of climate-related risks, including more frequent and intense extreme weather events, and need to rethink their assessment of asset vulnerabilities, according to a new report by the BlackRock Investment Institute. Continue reading “BlackRock: Investors are underpricing the impact of climate-related risks”
by Artemis on November 22, 2018
Typhoon Jebi has now officially become the largest Japan typhoon related insurance and reinsurance market loss on record, as the amount of insured claims paid for the storm have now reached almost $5.2 billion.
Typhoon JebiThe latest data from the General Insurance Association of Japan (GIAJ) shows that typhoon Jebi has now resulted in a massive 825,091 accepted insurance claims, 108,928 from automobiles, 694,310 from property fire insurance policies and 21,853 from other miscellaneous lines of business. Continue reading “Jebi officially the largest Japan typhoon insured loss ever”
Global reinsurance firm Swiss Re has newly identified an enormous $500 billion global property (catastrophe and non-catastrophe) and mortality risks protection gap, saying that this is an opportunity for insurance and reinsurance markets to boost global resilience.
Of course we’d also say that such a gap is an opportunity for the capital markets and insurance-linked securities (ILS) funds, given the appetite to invest in insurance and risk-linked assets. Continue reading “Swiss Re sees $500bn global property & mortality protection gap opportunity”
By Mami Mizutori *
Much of the success in reducing mortality from disasters across Asia and the Pacific, particularly in the case of storms and floods, is due to improvements in early warning systems, weather forecasts and timely evacuations. This is a significant achievement. Continue reading “Damage to critical infrastructure is escalating the global cost of extreme weather, earthquakes and tsunamis”