Category: Environment
Ethiopia signs MoU with ATIDI to support renewable energy projects
Ethiopia has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), a pan-African multilateral trad [...]
Insurance protection gap for natcats estimated at 60%, warns WTW
As 2024 becomes the first year to exceed 1.5°C warming above pre-industrial levels, the insurance protection gap for natural catastrophes is estimated [...]
European regulators show direction of travel on insurer standards factoring natural catastrophes
The European Insurance and Occupational Pensions Authority (EIOPA) is recommending updates to the way natural catastrophe risks are accounted for in i [...]
Global natural disasters 14% up on 21st-century average in 2024, warns Aon
Global natural disaster events caused US$368 billion (2023: $397 billion) in economic losses in 2024, driven by hurricanes and severe convective storm [...]
Insurers have their role cut out in the race to fill a $236bn nature financing gap
Insurers can play a pivotal role in driving the $463bn target for investment and financing nature-based solutions (NBS) that protect natural and semi- [...]
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 [...]