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Environment and Climate

With climate change increasing the frequency and severity of weather events, understanding risk exposure is becoming more important than ever. Whilst insurers need to report on climate-related risks, they are also exploring new products to support the transition to a greener economy, from carbon to renewables.

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Newsletter
Building resilience to climate risks
In this month’s issue of Climate Risk, we cover new initiatives for reducing the impact of climate events; including a partnership for severe weather early warnings and investment into companies focusing on climate resiliency.
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Insight
The burning question – what is causing wildfires?
Wildfires have cost the insurance industry more than $70 billion over the last decade. Early detection and fire prevention strategies are the most effective ways of reducing losses. But to stop the burning quickly, we need to understand how wildfires are starting.
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Insight
GeoSmart: putting a spotlight on groundwater flooding
InsTech’s Ali Smedley recently sat down with Paul Drury, Director of Product Development at GeoSmart Information, to discuss why insurers should be thinking about groundwater flooding and what the company can do to help.
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Insight
EarthScan: making climate science accessible
InsTech’s Ali Smedley recently sat down with Mitiga Solutions’ EarthScan™ team to discuss its newest climate intelligence tool, how insurers and corporates are using it and why the company is continuing to invest in climate science expertise.
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Newsletter
Are storms in the UK changing?
The UK is currently experiencing a series of damaging storms, with winds from Isha reaching over 100mph. Storm Jocelyn has followed close behind, arriving in the UK with 76mph gusts. Are storms in the UK becoming more frequent?
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Newsletter
Climate risk: seeing beyond the smoke of wildfire
Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news. Beyond the smoke: understanding and mitigating wildfire risk Wildfires are growing in severity and intensity. According to Swiss Re, wildfires have cost the insurance industry more than $70 billion over the last decade. Political ...
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Report
Beyond the smoke: Understanding and mitigating wildfire risk
Wildfires are growing in severity and intensity. Since 2013, they have cost the insurance industry over $70 billion. But wildfire has traditionally been thought of as a ‘secondary peril’ – is it due a promotion to ‘primary peril’?
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Podcast
State of the Market 2023: Incorporating ESG into P&C underwriting
What drives insurers to look into adopting Environmental, Social, and Governance (ESG) factors into their underwriting processes? Salman Siddiqui at Moody’s Analytics and Adiraj Maitra at Canopius join Matthew Grant in this podcast to discuss ESG and sustainability in the insurance industry, centring the ...
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Podcast
Managing climate risks – parametric and beyond
Arbol, an MGA specializing in parametric insurance, has been rapidly growing and expanding since we last spoke a year ago. Arbol recently announced a partnership with reinsurer Beazley, enabling them to deploy capacity in the US for weather risks. Tune in to Henry Gale, Senior ...
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Newsletter
Climate risk: a decade of insured losses
Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news. A decade of insured losses: don’t just blame climate change Insured losses from natural catastrophes have been rising for decades. According to Swiss Re, the average annual growth trend of losses since 1992 ...
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Insight
CelsiusPro acquires Global Parametrics
In conversation with: CelsiusPro Since its foundation in 2008, CelsiusPro has specialised in parametric insurance solutions to help clients worldwide mitigate the effects of extreme weather and natural catastrophes. The company provides products, technology, and consulting services. In September 2023 it announced the acquisition of UK-based Global ...
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Podcast
Managing climate risk at home
The climate has been on our mind since the record-breaking summer heat we had across the world. In this podcast we turn to matters just as big, but closer to home. This episode Matthew speaks to Richard Garry, CCO at Gamma Location Intelligence, which provides ...