Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re

by | Aug 7, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: “In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along...
Fast-growing Asian economies China, India,Thailand and Philippines most vulnerable to climate change: Swiss Re Report

Fast-growing Asian economies China, India,Thailand and Philippines most vulnerable to climate change: Swiss Re Report

by | Feb 28, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Risk reduction through adaptation fosters insurability. The insurance industry is ready to play an important role by catalysing investments in adaptation, directly as a long-term investor and indirectly through underwriting climate-supportive projects and sharing risk...