Economics, Econometrics and Finance
8 years ago

Insurance industry faces $1 trillion annual damage from climate change by 2040.

Routledge eBooks
Climate change and fi nancial instruments to cover disasters: what role for insurance?
Qihao He

Paper Summary

Climate change is likely causing more extreme weather disasters, leading to increased financial losses. Experts predict that by 2040, climate change could cost up to $1 trillion annually. Major insurers like AIG, Swiss Re, and Lloyd's of London see climate change as a significant risk.

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