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Disaster & Management

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Researchers find double benefit of climate protection through both limiting, delaying global warming

In the study, the scientists analysed the joint impacts of demographic development and climate change on people exposed to tropical cyclones — and found that timing of when certain warming levels are reached becomes crucial. The results are even more obvious on the country level, explained Johannes Gutschow.

“Our model shows, with unprecedented detail, that in 2050 all countries at high risk of tropical cyclones are projected to see a rise in exposure. Due to the projected population growth, we found exposure changes of nearly 300 per cent in some East African countries, up to 100 per cent in the US and also a strong increase for the Arabian Peninsula.”

China encourages mainland insurers to sell catastrophe bonds in Hong Kong

Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise funds from bond sales, according to a statement of the China Banking and Insurance Regulatory Commission (CBIRC).

The arrangement can help diversify insurers’ losses from natural disasters such as earthquakes, floods and typhoons, it said.

UN development arm launches disaster insurance programme

The facility will also have funding from other sources, including the UNDP itself, a spokesperson said. The UNDP is aiming to help create insurance protection from socio-economic, climate and health-related disasters in more than 50 developing countries by 2025, it said.

“Insurance and risk-finance products, tools and services can secure our critical infrastructure, protect our agriculture and businesses, and preserve critical ecosystems that make life on earth possible,” said UNDP Administrator Achim Steiner.

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