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Moving beyond the uncertainty of climate change risk

April 2012 – Inherent uncertainty means that every statement made in relation to climate change risk must be caveated, but that is not an excuse for inaction.

ClimateWise Issue one

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ClimateWise Thought Leadership Series 2012 Issue One, John Coomber

I suggest three areas worthy of thought for insurers and insurance brokers. Climate change will lead to an inexorable increase in property risk. We should seek to engage with affected communities to provide information, coverage and risk mitigation skills to a new customer base.

If risks are not to become "unaffordable" we need to avoid tipping points in the world's ecological balance. Knowledge has always been the best basis for decision taking and we can contribute to this debate through our loss modelling abilities.

Published: April 2012