Insurance industry workers: how is climate-related risk managed in your company?
Whether you’re a modeller, actuary or underwriter, we’d like to hear how the insurance industry is dealing with climate risk With more frequent storms, floods, wildfires and drought, caused by climate change, having a…
Source: The Guardian ·
Whether you’re a modeller, actuary or underwriter, we’d like to hear how the insurance industry is dealing with climate risk With more frequent storms, floods, wildfires and drought, caused by climate change, having a huge impact on property around the world, we’d like to find out how the insurance industry is managing climate change risk. There have been reports of insurance workers, who analyse risk around a natural disaster, coming under pressure to downplay losses in order to keep premiums affordable for customers. The practice of underestimating risks to keep insurance premiums down could be widespread.