Category: Environment
Uncertain future driving need for insurance, suggests leading insurer
An uncertain future is fuelling the need for insurance, believes a leading market player, who warns however that reinsurance rates are likely to stay [...]
Munich Re to quit new oil and gas developments from next April
Munich Re is to pull out of all new oil and gas field developments from 1 April 2023.
The giant German reinsurer had been under pressure from activ [...]
Parametric development insurance shows real impact on African continent amid calls for increased climate finance in run-up to COP27
Climate finance is a hot topic in the run-up to COP27. While Africa waits for developed nations to fulfil their aid pledges, climate financing is maki [...]
Insurers across Africa asked to join one million tree-planting campaign
As huge areas of deforestation occur across Africa, Continental Re has urged other insurers and reinsurers to plant trees in their own countries to re [...]
Marsh provides businesses with tips to incorporate nature-related risks into their agendas
The consequences of environmental degradation on businesses are already apparent, warned broker Marsh.
It said extreme biodiversity loss, widesprea [...]
Growing call for funding to support Africa and agriculture
The clamour to support the poorest nations – and those suffering the greatest impact from climate change – is growing in the run-up to COP27 in Egypt [...]
Insurers among investors calling on governments to set ambitious climate change funding targets
Investor groups from around the world are publicly advocating for governments to enact ambitious policies that would leverage the private capital requ [...]
Geneva Association launches third and final report on climate change risk assessment
Since the 2021 publication of the first two reports by the Geneva Association taskforce on climate change risk assessment, the context in which re/ins [...]
PODCAST: What relevance does climate change have to Africans?
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Extreme flooding causing insurers concern across the continent
In another sign that insurers cannot afford to ignore climate change and its impact on the continent, the African Centre of Meteorological Application [...]