Extreme weather is a reality: The insurance industry must adapt - Opinion

Despite the backdrop of financial crises the long-term impacts to society are potentially too dangerous to ignore. It is critical that economies begin to confront and adapt to the changes that are already underway, while agreeing to internationally binding carbon reduction targets, writes Trevor Maynard, head of exposure management and reinsurance at Lloyd's of London on the pages of The Guardian. He points out that businesses should take a leading role in climate change adaptation instead of waiting for governments to take full responsibility.

Mr Maynard showcases ClimateWise, a partnership of insurers, brokers and risk modellers, includes more than 40 insurance companies and organisations globally that are working together to reduce the risks of climate change.

In his opinion partnerships, sustainable repair in communities, and innovative services will help insurers respond to climate change.