Category: Environment
Climate change impact clear to see in 2024 disaster figures, warns Munich Re
Worldwide, natural disasters caused losses of US$320bn in 2024 (2023, adjusted for inflation: $268bn), of which around $140bn ($106bn) were insured, s [...]
World’s largest companies add nature threats to ESG commitments, says McKinsey
The world’s largest companies increasingly recognise the risks and opportunities presented by nature and natural capital, according to a new report fr [...]
COP29 divides opinions as climate finance commitments triple and ironies abound
Whether or not you laud the UN Climate Change Conference (COP29) as a success hinges entirely on which side of the carbon divide you find yourself, an [...]
Kenyan insurer GA signs sustainable declarations
GA Insurance, a Kenyan insurer, has joined the African Natural Capital Alliance (ANCA) and signed the Nairobi Declaration on Sustainable Insurance to [...]
Storm highlights need to have regular insurance valuations, warns South African risk manager
A severe storm that struck parts of Randfontein and Westonaria in Gauteng recently left a trail of destruction, injuring 24 people and causing extensi [...]
Insurer relationships changing because of evolving cat risks, warns S&P
Insurers are being forced to re-evaluate their relationships with each other and the world at large because of evolving natural catastrophe risks, acc [...]
Climate activists concerned COP29 going in wrong direction
The Africa Make Big Polluters Pay (MBPP) partners express deep concern regarding ongoing discussions surrounding Article 6 of the Paris Agreement, par [...]
COP29 attracts controversy and decision-making amid focus on insurance targets
The 2024 UN Climate Change Conference (COP29) in Baku, Azerbaijan, has attracted its fair share of controversy this year, with its local leaders being [...]
Two flood insurance products launched for Ghana in major collaborative effort
Two parametric flooding policies have been launched in the Ghana market in response to the increasing flood risk and limited financial protection.
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Oil giant Shell wins appeal, after earlier ruling insists it cuts carbon emissions by 45%
Oil giant Shell has won a landmark case in the Dutch courts, overturning an earlier ruling requiring it to cut its carbon emissions by 45%.
Last ye [...]