Cat modelling awakens to climate change risk
Responsibility for understanding the implications of climate change for insurers has largely fallen on the shoulders of the catastrophe modelling community. They are responding with a more dynamic and multi-faceted view, as Paul Walsh reports
Climate change could cause UK flood losses to rise by 30%
Annual average losses resulting from flooding at residential properties in the UK could rise by 25% - 30% over the next 20 years as a result of climate change, according to JBA Risk Management.