COP26 begins at the end of the month, and it is arguably the most important since it began almost 30 years ago. The IPCC’s Sixth Assessment Report (AR6) which was published in August 2021 stated how it is “unequivocal” that human influence has warmed the climate at an unprecedented rate. This is affecting weather and climate extremes in all areas of the world.
Throughout July, floods have affected areas across the world. With the release of loss estimates from various modellers, brokers, insurers and other commentators, the size and range of the relative gap between economic loss and insured loss is notable, as well as different loss drivers. In the Henan province floods, in China, the majority of claims have been from motor due to a lack of property flood insurance.
Founded in 1863, Swiss Re is one of the world’s largest reinsurance companies and is well known for its innovative use of technology, data and willingness to address global issues like climate chan