|September 04, 2009|
The Risk of being a Climate Entrepreneur
|Given the exceptional complexity of the climate risk challenge, the core insurance mechanisms of underwriting, claims management and asset management can play a central role in dealing with climate change, according to a new report published today by Zurich Financial Services Group (Zurich). |
Zurich’s brief white paper "The Climate Risk Challenge - The role of insurance in pricing climate-related risks", highlights that there is a strong need to create a structure of sustainable, market-friendly incentives for climate risk adaptation and mitigation and that insurers, whose core expertise is managing the balance between risk exposure and financial stability, are in an ideal position to suggest how this can be done effectively.
The report concludes that for insurers, the most important concepts for any public policy response related to climate change are:
The report can be downloaded from www.zurich.com/insight.
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets.For More Information: Zurich Financial Services Group