SE14: Climate Services, Catastrophe Risk and Capital Markets – How Climate Services Are Set to Become Embedded with Insurance Regulation
- ID: SE14
- Date & Time: Wednesday 11 May (13:45 - 14:45)
- Room: 7
- Participation: Open
- Organizer: Organized by World Meteorological Organization, Willis Research Network, United Kingdom Met Office, World Climate Research Programme, International Panel on Climate Change, Geneva Association, and the International Insurance Association
A new wave of regulations in a number of countries is requiring insurance companies to report on climate-related risks. This side event explores the benefits of new public-private partnerships involving the climate research community, national meteorological services, government and the private sector. The aim is to leverage resources, expertise and information to advance climate modeling and forecasting in risk modeling tools in the finance and (re)insurance sectors. The side event will also examine the relevance of climate variability and change to disaster risk reduction and climate adaptation. In addition, this event will explore how the companies assess climate related risk.