Economics, Econometrics and Finance
4 years ago

Climate change poses diverse risks for insurance industry, impacting pricing and investments.

British Actuarial Journal
Practical guide to climate change for general insurance practitioners
M. Rothwell, M. Earle, C. H. Ooi, John Orr, Swati Shroff, J. Siew

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Climate change is a major issue caused mainly by human activities. It brings three types of risks: physical, transition, and liability. These risks can affect insurance companies in various ways, like pricing, investments, and risk management. The article gives general insurance practitioners an overview of how climate change can impact their operations.