Download or read book The Implications of Climate Change for the Insurance Industry written by David Crichton and published by . This book was released on 2001 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Climate Change and Sustainability Standards on the Insurance Market written by Kiran Sood and published by John Wiley & Sons. This book was released on 2023-07-17 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impact of CLIMATE CHANGE and SUSTAINABILITY STANDARDS on the INSURANCE MARKET The book explores the role of the insurance industry in contributing and responding to the harms that climate change has brought. This book delves into the physical and logical impacts, both direct and indirect, on the insurance industry. Subjects discussed include new technology such as big data, artificial intelligence, machine learning, the growth of sustainable economics with foreign direct investments (FDIs), trustworthiness, and ethics. Related use cases of data science for claim processing, fraud detection and prevention, policy administration, pricing, and underwriting are discussed along with cyber security issues, data protection, and big data regulatory reforms. To promote ESG sustainability, the insurance industry plays a critical and significant role. Climate-related risks are being factored into underwriting and investing strategies. Through their own operations and business activities, insurers may promote the ESG agenda and move towards sustainability. Also discussed are promoting diversity and inclusion, lowering greenhouse gas (GHG) emissions, resolving gender inequality, and helping communities through charitable work, which all improve a company’s brand, reputation, and ESG credentials. Audience The book is specially designed for administrators, lecturers, researchers, students of insurance and sustainability, students in financial services, insurance practitioners, actuaries, loss adjusters, underwriters, regulators, facilities management, utility companies, voluntary organizations, government departments, business leaders, policymakers, decision-makers, investors, risk managers, compliance managers, and audit managers amongst many others.
Download or read book OLR Backgrounder implications of Climate Change for the Insurance Industry written by Kevin Edward McCarthy and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses risks, uncertainties, and opportunities associated with climate change confronting the insurance industry.
Download or read book Insurance Climate Change and the Law written by Franziska Arnold-Dwyer and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The insurance industry has found itself at the front line of climate change challenges, providing insurance cover in relation to risks associated with climate change. As risk carriers, insurers pay claims for climate change related losses - such as property damage caused by windstorms, flooding, and wildfires - which have been increasing in frequency and severity. As major institutional investors, insurance companies invest in assets that may be increasingly vulnerable to climate risks. Insurance regulators across the globe have therefore started to require insurance companies to identify, manage and report on climate change risks that could pose a threat to their financial stability. However, managing and reporting on the effect of climate risk on an insurer's balance sheet is an inward-looking perspective that does not stem climate change. It needs to be paired with an outward-looking perspective that takes account of the insurance industry's impact on the environment, and the insurance industry's capacity to influence what policyholders, investee enterprises and other business partners do to address climate change challenges. For the insurance industry, the key components of positive outward impact are "impact underwriting" and "impact investment". This book sets out the current legal and regulatory landscape for impact underwriting and impact investment. Whilst the focus of research and regulatory interventions to date has been on inward impact, in this book it will be argued that, to take positive climate action that supports the Paris Agreement goals and the national and international Net Zero targets, the debate should now move on to considering the positive outward impact the insurance industry can make, and how we can create a legal environment to facilitate this. The book puts forward the case for a new vision of the role of the insurance industry as climate action enablers and makes proposals for insurance products and risk transfer and loss resilience structures that can support policyholders in their transition to a Net Zero economy. The audience for this book will include legal practitioners, insurance industry professionals, financial and insurance regulators, policymakers and interested academics"--
Download or read book Climate Change written by John B. Stephenson and published by DIANE Publishing. This book was released on 2007-08 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weather-related events have cost the nation billions of dollars in damages over the past decade. Many of these losses are borne by private insurers & by two federal insurance programs -- the National Flood Insurance Program, which insures properties against flooding, & the Federal Crop Insurance Corp., which insures crops against drought or other weather disasters. The author was asked to: (1) describe how climate change may affect future weather-related losses; (2) determine past insured weather-related losses; & (3) determine what major private insurers & federal insurers are doing to prepare for potential increases in such losses. Includes recommendations. Charts & tables.
Download or read book Legal Implications of Climate Change Insurance Industry written by Vuledzani Munzhelele and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and the Insurance Industry written by Joel N. Gordes and published by . This book was released on 1996 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and Insurance written by Christina M. Carroll and published by American Bar Association. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change has become a significant issue in scientific, political, and legal circles, and this may have profound implications for the insurance industry. More frequent catastrophic events such as floods, droughts, fires, hurricanes, and the like, whether or not attributable to climate change, challenge the insurance industry's abilities to measure and predict risk.
Download or read book The Implications of Climate Change on the Insurance Sector and the Israeli Economy written by Ayelet Davidovitch and published by . This book was released on 2017 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Loss and Damage from Climate Change written by Reinhard Mechler and published by Springer. This book was released on 2018-11-28 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world.
Download or read book Criminology and Climate written by Cameron Holley and published by Routledge. This book was released on 2020-12-29 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role of the insurance industry in contributing to, and responding to, the harms that climate change has brought and will bring either directly or indirectly. The Anthropocene signifies a new role for humankind: we are the only species that has become a driving force in the planetary system. What might criminology be in the Anthropocene? What does the Anthropocene suggest for future theory and practice of criminology? Criminology and Climate, as part of Routledge’s Criminology at the Edge Series, seeks to contribute to this research agenda by exploring differing vantage points relevant to thinking within criminology. Contemporary societies are presented with myriad intersecting and interacting climate-related harms at multiple scales. Criminology and Climate brings attention to the finance sector, with a particular focus on the insurance industry as one of its most significant components, in both generating and responding to new climate ‘harmscapes’. Bringing together thought leaders from a variety of disciplines, this book considers what finance and insurance have done and might still do, as ‘fulcrum institutions’, to contribute to the realisation of safe and just planetary spaces. An accessible and compelling read, this book will appeal to students and scholars of criminology, sociology, law and environmental studies and provides readers with a basis to analyse the challenges and opportunities for the finance sector, and in particular the insurance industry, in the regulation of climate harms.
Download or read book Managing Extreme Climate Change Risks through Insurance written by W. J. Wouter Botzen and published by Cambridge University Press. This book was released on 2013-03-28 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the damage caused by natural disasters has increased worldwide; this trend will only continue with the impact of climate change. Despite this, the role for the most common mechanism for managing risk - insurance - has received little attention. This book considers the contribution that insurance arrangements can make to society's management of the risks of natural hazards in a changing climate. It also looks at the potential impacts of climate change on the insurance sector, and insurers' responses to climate change. The author combines theory with evidence from the rich experiences of the Netherlands together with examples from around the world. He recognises the role of the individual in preparing for disasters, as well as the difficulties individuals have in understanding and dealing with infrequent risks. Written in plain language, this book will appeal to researchers and policy-makers alike.
Download or read book Managing Climate Risk in the U S Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Download or read book Reflections on the Future written by Angus Ross and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Updated Hurricane Models written by Sarah Tran and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article suggests that the insurance industry's increased recognition of the economic implications of climate change, as evidenced by the industry's desire to use updated hurricane models that account for global warming in the rate setting process, will enable insurers to make more accurate estimates of their losses but only if state insurance regulators step up to the challenge of understanding and scrutinizing the models. The article briefly discusses how states are empowered to regulate the insurance industry and influence its rate setting approaches. The article then discusses the major approaches to rate setting and highlights the inaccuracy that is characteristic of the traditional approaches. It also discusses the primary obstacle to increased usage of modeling in the rate setting process- state insurance regulators, who are concerned for consumer protection, fear insurers will use the proprietary nature of the models to hide the fact that they are charging unjustifiably high premiums for insurance. Next the article shows, through a case study from Massachusetts, how this fear can be addressed. The paper further discusses how proactive measures to encourage more widespread understanding and usage of the models will contribute to a more financially stable insurance industry that can withstand climate change and enable homeowners to make better long-term decisions about where they want to live and how they want their homes to be constructed.
Download or read book The Impacts of Climate Change written by Trevor Letcher and published by Elsevier. This book was released on 2021-05-09 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impacts of Climate Change: A Comprehensive Study of Physical, Biophysical, Social and Political Issues presents the very real issues associated with climate change and global warming and how it affects the planet and everyone on it. From a physical perspective, the book covers such topics as population pressures, food issues, rising sea-levels and coastline degradation, and health. It then goes on to present social impacts, such as humanitarian issues, ethics, adaptation, urban issues, local action, and socio-economic issues. Finally, it addresses the political impacts, such as justice issues and politics of climate change in different locations. By offering this holistic review of the latest impacts of climate change, the book helps researchers to better understand what needs to be done in order to move toward renewable energy, change societal habits, and move toward sustainable development. - Offers comprehensive coverage of the impacts of climate change from multiple perspectives (physical, social, and political) to develop synergy across disciplines - Presents the latest research and developments on the understanding of climate change impacts on a variety of scales and disciplines - Includes case studies and extensive references for further exploration
Download or read book Adapt and Be Adept written by Terry L. Anderson and published by Hoover Press. This book was released on 2021-04-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can markets help us adapt to the challenges of climate change? Editor Terry L. Anderson brings together this collection of essays featuring the work of nine leading policy analysts, who argue that market forces are just as important as government regulation in shaping climate policy—and should be at the heart of our response to helping societies adapt to climate change. Anderson notes in his introduction that most current climate policies such as the Paris Agreement require hard-to-enforce collective action and focus on reducing or mitigating greenhouse gases rather than adapting to their negative effects. Adaptive actions can typically deliver much more, faster and more cheaply than any realistic climate policy. The authors tackle a range of issues: the hidden costs of renewable energy sources, the political obstacles surrounding climate change policy, insurance and financial instruments for pricing risk of exposure to the effects of climate change, and more. Reliance on emerging renewable energies and a carbon tax are not enough to prevent the effects of global warming, they argue. We must encourage more private action and market incentives to adapt to a rapidly changing climate.
