Insurance and the inevitability of climate change - Counting the Cost

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The professionals in charge of risk management, the global reinsurance industry, are still trying to assess the likely costs of this year's extreme Atlantic hurricane season.

The fear among some risk assessors is that climate change means some assets may become uninsurable in the future. The risk is that extreme weather means claims will rise faster than expected and that premiums will not be adequate to cover the shortfall.

In the insurance world this is known as the protection gap.

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I think the guy from SwissRe is grossly downplaying the whole climate change scenario, he knows too well it could be the death knell of his industry.

vanguardau
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Insurance companies aren’t in the business to operate at a loss.

DLFfitness
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Allo Peter! As a friend I beg you not to come to or even near the USA
YOU MIGHT GET TOO CLOSE A LOOK INTO THE AMERICAN CLIMATE SKEPTICS & LOSE YOUR MIND XO

auntijen
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"the gap lies in other area's" claims the insurance man. "There is plenty of capital", he says. So what's the problem?? I don't understand this video.

tobotronicq