Category: Environment
Insurance industry facing growing average annual losses from natural catastrophes, warns Verisk
Modelled non-crop property and casualty losses have risen 25% compared to 2024, with severe thunderstorms and other frequency perils accounting for tw [...]
Dilemma for Africa’s policymakers in race between development and decarbonisation
Many policymakers agree on the urgent need to transition to green energy—but consensus ends there. Disagreements remain over how fast the transition s [...]
Munich Re sees higher H1 2025 natcat figures, with African cyclones contributing to the losses
Worldwide, natural disasters caused overall losses of around US$131 billion in the first half of 2025 (previous year, adjusted for inflation: $155 bil [...]
Natcats continue to strain global reinsurance, warns WTW
Natural catastrophes continue to put a strain on global insurance markets as, worldwide, insured losses from natural catastrophes now consistently exc [...]
AfDB supports insurance adding resilience to Benin farmers
The African Development Bank Group (AfDB) has approved $30.25 million in financing for a groundbreaking climate protection and agricultural sector res [...]
Global protection gap down thanks to high US natural catastrophe losses, says Aon
The global protection gap has shrunk to its lowest level on record to 38%, according to the half-year natural catastrophe report from Aon, but the fig [...]
New flood insurance solution completed for Lagos state
The Insurance Development Forum (IDF) announces the successful completion of the design of a parametric flood insurance solution for the Lagos State G [...]
GFIA urges insurers to help communities plan for climate change
The Global Federation of Insurance Associations (GFIA) has published a series of recommendations to involve insurers to help communities better prepar [...]
New deal set to integrate insurance firmly into international financial architecture, says IDF
A new deal has been announced to integrate insurance into the international financial architecture (IFA) to boost resilience in the face of climate ch [...]
ATIDI signs new deal to unlock renewable energy investment across Africa
The African Trade & Investment Development Insurance (ATIDI) and the Global Renewable Mass Adoption Program ASBL (RELP) have signed [...]