Articles - IFoA sustainability series on opportunities for insurers


Insurers must be careful not to underestimate the true threat of climate change. Because its effects are systemic, climate risk is likely to stress local economies and-more grimly-cause market failures that affect both consumers and insurers. More frequent catastrophic events, in combination with the need to meet evolving regulatory requirements, will inevitably threaten business models-and make insuring some risk unaffordable for customers or unfeasible for insurers. Customers, regulators and the wider society that the industry serves are therefore likely to demand that insurance solutions go beyond traditional risk transfer to explicitly address risk mitigation.

 

Back to Index


Similar News to this Story

Why Insurers Should Unify Pricing and Rating in 2026
Last year saw persistent claims inflation in motor and home insurance, as well as rising natural catastrophe losses, high inflation and geopolitical
Can GenAI solve the pension IHT problem
There’s a big change coming to defined contribution pensions in April 2027, when the current inheritance tax exemptions fall away. The changes potenti
Models underestimating climate signal from winter rainfall
Discover four ways U.K. winter storms are changing, what’s driving the shift, and how re/insurers can respond. The winter of 2023/24 was one of the we

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.