The Geneva Papers: Special issue on climate risks and insurance
International Association for the Study of Insurance Economics
Number of pages
Physical climate risks associated with extreme weather events are increasing due to climate change. The past seven years are on track to be the seven warmest on record, and more severe, more frequent extreme events are unfortunately becoming the new norm. The physical climate risks being amplified by this trend are a significant threat to societal resilience and a call for concerted efforts to step up mitigation measures.
The first 2022 issue of The Geneva Papers on Risk and Insurance examines the role insurance can play in managing these risks. The issue comprises an introductory article and seven articles exploring the following themes: the degree to which insurers may be aware of the problem; the promotion of insurance take-up to improve resilience; the efficacy of public-private insurance schemes; and reinsurance and catastrophe bonds as risk-transfer tools.