Sustainability
AI helps unravel physical and non-physical climate risks
The growing integration of artificial intelligence in advancing weather and climate forecasting will continue through 2026 and beyond, Gallagher Re predicts
Severe convective storms now bigger source of claims than cyclones
Total insured losses hit $127bn last year, as protection gap falls to 51%, analysis by Aon finds
Lloyd’s Register unveils maritime nuclear consortium
UK-led maritime consortium sets out plan for nuclear-powered fleet to tackle one of the toughest challenges in the clean energy transition
Allianz launches $1bn blended finance fund
Allianz Credit Emerging Markets fund will support Paris Agreement goals with a focus on climate finance
Insurance CEOs optimistic about growth: KPMG
Strong demand for M&A and AI investment in the sector, survey finds
Australian insurance association declares bushfires ‘catastrophe’
Economic losses from fires likely to reach hundreds of millions of dollars, according to Aon
Protection gap requires strategic planning: WWF
WWF report on tackling the insurance protection gap coincides with latest scientific assessment the world has already warmed 1.4°C above pre-industrial levels
Northern California ‘becoming bigger wildfire risk’
Last year’s Los Angeles wildfires were a one-in-35-year event, but northern California has growing fire risk, broker says
Global heating may be worse than models project, report finds
Insurance sector could face $250bn insured losses annually by 2035, according to report by the Institute and Faculty of Actuaries and the University of Exeter
Liberty explores space applications for climate risk
Carrier signs memorandum of intent with European Space Agency aimed at parametric protection for agriculture and forestry sectors
Creating a ‘virtuous cycle’ against climate risk
Asset management and insurance industries can serve as role models for other sectors on how to innovate in tackling climate change, Allianz says ahead of World Economic Forum annual meeting
Kita launches non-payment insurance for carbon projects
MS Amlin backs new portfolio, with TMK and Chaucer also providing capacity
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