All climate change articles
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Editors' LetterSR Q3 2023: Adapt or die
As the world of risk gets increasingly complex, there is a golden opportunity to elevate the profession beyond insurance buying, to strategic, value-adding, board-level ERM. Those risk managers who fail to step up and grab it with both hands may quickly become irrelevant.
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Case StudyCase study: Enhancing urban resilience in Medellín through insurance protection for climate risks
Following the conclusion of the two-year Medellín Tripartite Project in Colombia, the risk industry team involved reflects on the project’s outcome, the challenges they overcame, and how the knowledge they gained on the way can help future resilience programmes
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OpinionHow risk managers can become climate leaders through better communication
With the right communication and data, risk managers can speak the language of the c-suite and become a driver of real climate change says Chris Hickin, vice president - operations engineering manager, London operations at FM Global
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AnalysisMaui wildfire insured losses “will be at least $1bn”
Commercial property insurers will likely reassess their exposures, pricing and reinsurance as a consequence of the wildfires in Hawaii, says Moody’s
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SponsoredExpert view: Why data is the lynchpin of climate resilience and reporting
Nina Arquint, CEO EMEA at Swiss Re Corporate Solutions, explores why data could be both an obstacle and a gamechanger for risk managers dealing with climate-related risk
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AnalysisPutting science and data behind climate risk management
Bill Bradshaw, operations manager at FM Global talks to StrategicRISK about how the insurer is trying to move the needle on climate risk.
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OpinionFive steps to building a world-class ESG risk and compliance program
Chief risk officers have been managing ESG exposures for some time now, but compliance is getting more complicated. Dean Alms, chief product officer at Aravo explains why risk professionals must step up
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AnalysisWhy building code regulations are the key to curbing Nat Cat losses
New research shows that just 27% of economic losses from Nat Cats this year have been insured. For risk managers, following building codes and prioritising resilience are crucial for minimising the risks
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AnalysisSpotlight on: wildfire risks and how to ensure business continuity
As wildfires spread across Europe and the Americas, Strategic Risk explores the steps risk managers can take to safeguard their employees and ensure business continuity
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AnalysisStorms are getting stronger - and risk managers must prepare
Reinsurance broker Lockton Re has published a report on climate change and hurricane trends.
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AnalysisRisk briefing: El Niño shows why we must urgently cut greenhouse gases
Heatwaves are among the world’s deadliest natural hazards, says the World Meteorological Organization. Here’s what risk managers need to know.
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AnalysisAirmic 2023: De-risking the climate transition
New guide explores how organisations can pre-empt disorderly transition - here are the ten key lessons for risk managers
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AnalysisHow climate change is making it more difficult for risk managers to find adequate insurance
As insurers grapple with increasingly frequent and severe natural catastrophes, the insurability of cat risks is being called into question, with worrying implications for risk managers.
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AnalysisBrokers missing the mark on ESG factors
UK brokers are failing to consider ESG factors when evaluating insurers, according to new research from GlobalData.
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NewsFailure to prepare for climate change “a threat to UK national security”
The government’s National Adaptation Programme is due to be published later this year and the CCC warns it is “make or break”
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NewsClimate change will drive disruption within food & drink sector - WTW
Three quarters of food & drink firms cite lack of supply chain insurance solutions as among their biggest challenges
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NewsTime to be risk leaders
As we adapt to the era of ‘perma-crisis’, the business rationale for pushing risk management up the strategic hierarchy has never been clearer
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NewsAXA XL identifies seven sectors most exposed to water risks
The cost to businesses of inaction is five times higher than the cost of action
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NewsSummer 2022 heatwave saw surge in subsidence payouts
UK insurers are expected to pay £219m in subsidence claims, caused by last summer’s ’record breaking high temperatures’, says ABI
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News2022 global nat cat claims breach $100 billion
In Europe, winterstorms Eunice, Dudley, Franklin triggered losses of over $4 billion, while France saw claims of $5 billion from hailstorms