Insurance and risk transfer

The insurance industry has long followed a reactive model: collect premiums, pay claims, adjust rates. But with climate change driving more extreme weather, we must now ask whether this approach is still sustainable.

This study examines how probabilistic information about increasing extreme weather events under climate change influences farmers’ demand for crop insurance.

This study examines the first batch of full-cost insurance pilot counties in China as case study areas.

Insurance has always been used to stabilize markets after crises such as disasters. As climate change intensifies natural disasters in this way, it raises risk exposure for physical assets and strains the insurance market.

Every year, disasters are becoming more frequent, more costly, and more devastating. That's why this year's International Day for Disaster Risk Reduction (IDDRR) carries such a vital message: Fund Resilience, Not Disasters.

Today's release of the Insurance Council of Australia's report puts Australia on the spot: we rank second in the world in extreme weather-related losses. As the Insurance Council puts it, this is not the silver medal we want to win.

The report sets out a four-pillar framework: financing, institutional arrangements and partnerships, programmes and delivery systems, and data and information, for making finance and delivery operate as one system.

After years underestimating the risks posed by climate-fueled disasters, the U.S. home insurance industry is in turmoil. In vulnerable areas, rising insurance costs are upending housing markets and communities.