Thought leadership article
This panel session shares insights on the ways in which climate change is increasing the frequency and severity of natural disasters, and how this is affecting the (re)insurance industry. It includes latest updates in catastrophe modelling, as well as the emerging threat of secondary perils.
Gallagher Re has been investigating the impact of climate change on natural disasters. Losses are rising in the United States and other parts of the world, and whilst not all losses can be attributed solely to climate change, it is undeniably a significant factor in the behaviour of these events. Human behaviour plays a role, as populations continue to settle in high-risk areas. As climate change worsens, the frequency and intensity of storms and other catastrophic events increase, leading to a rise in losses…
Session speakers:
- Steven Bowen, Chief Science Officer, Gallagher Re (USA)
- Joe Burtone, Director, Property & Casualty, AM Best (USA)
- Anne Cope, Chief Engineer, Insurance Institute for Business & Home Safety (USA)
- Emily McHugh, AVP, Corporate Reinsurance, Co-operators (Canada) moderator
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