Aon's Reinsurance Solutions’ Post

Addressing loss and damage from climate change can draw on existing streams of resources related to disaster risk reduction (DRR), but there are gaps in coverage – and a need to strengthen and scale-up support. More in this primer from @UNDRR and @ODI ➡️ https://lnkd.in/ee3yfauN

With each record-breaking storm, devastating wildfire, extreme heat event, and unprecedented flood, it’s clear that climate risk is no longer a question of ‘if’: it’s a present-day crisis that affects the resilience and continuity of society and business. The pressing question we need to address now: Is climate risk a responsibility of risk management teams, finance departments, facility managers, and sustainability officers? Who owns it? Discover more at Heather Polinsky, PMP, F. SAME latest blog: https://lnkd.in/dZ3s3fh9 #ClimateAction #ClimateMitigation #ClimateAdaptation

This week, #MSCIResearch looks at ways to understand and measure geopolitical risk, and asks investors: What’s your flood type, and how might different kinds of flooding affect your portfolio? And remember, to help guard against being swept out by the undertow of investment risks, have all our insights delivered straight to your inbox each week. Subscribe here: ms.spr.ly/6048gPCLw Understanding Geopolitical Risk in Investments Over the last 30 years, high geopolitical risk has been associated with lower equity returns and higher forecast volatilities. Measuring that risk can complement conventional measures of uncertainty. http://ms.spr.ly/6048mGYsq Navigating the Financial Risks of Flooding Coastal flooding. Fluvial flooding. Pluvial flooding. Assessing the widespread exposure and varying characteristics of each is imperative for financial institutions to understand and manage the potential impact. http://ms.spr.ly/6040mGYss What Can Capex Reveal About Emissions Reductions? Investors may want to look beyond just emissions trends to forecast a company’s dedication to a sustainable future. http://ms.spr.ly/6043mGYsv Investing in the Fight Against Superbugs Antimicrobial resistance is getting worse, set to impact health care, agriculture and insurance. We look at whether there’s an investment case for fighting back against the superbugs. http://ms.spr.ly/6044mGYsa Subscribe now to receive our MSCI Weekly emails straight to your inbox: ms.spr.ly/6048gPCLw

With better modelling and the effects of climate change more visibly happening, climate risk and its impact on the real economy is receiving increased attention. Last week, The Economist ran the eye-catching briefing on how "Homeowners face a $25trn bill from climate change". Now, the Bank of England has published a less dramatic-sounding but important analysis of how climate risks affect house prices. They conclude that the fall in house prices for the top 10% of areas most vulnerable to flood risk is 6.5 times larger relative to an area with the median level of flood risk. Granular, asset-level data is key to assessing financial risks for individuals and companies, which is what matters for most, including the financial sector which holds the exposures. https://lnkd.in/dJXrA6sa https://lnkd.in/dkjD_rgT

The financial risks from climate change are becoming increasingly real. Central banks and financial institutions are struggling to quantify these risks, which could limit their ability to mitigate them in the future. While still a new discipline, financial climate risk modelling is increasingly important for protecting balance sheets and complying with new disclosure rules, such as CSRD.

The_Sustainable_Christmas_Calendar🎄 December 18th WHAT CAN YOU DO Part IV For organisation of all sizes: Read “The Emperor’s New Climate Scenarios” (I love the #fairytale reference) by The Institute of Actuaries at UK University of Exeter, and get your #risk #assessments up to date. In short, the analysis finds that assets worldwide are generally over-valued because climate risks aren't properly accounted for. The amount of wildfires, floods, droughts, extreme rains and hurricanes ‘out of season’, and glaciers melting at alarming rates, this was all ‘supposed’ to happen after 2050, hence the #netzero goal by 2050 to #prevent them! But it has already started.. if no one else cares, the insurance companies will have to adjust, as do states. ➡️Assess, and change path to mitigate. It will be worth it, not only literally.. Until Christmas Eve The_Sustainable_Christmas_Calendar🎄 brings a daily variety of news, facts, and suggestions to what anyone (or any business) can do to contribute to a more sustainable world 🌍 https://lnkd.in/gP_Rsie7

👋 Producers and Adjusters! Discover how climate change predictions affect CAT models, the availability of reinsurance, and affordability of coverage in disaster-prone areas facing increased flooding, wildfires, and other severe weather events. Managing Property Risk in a World of Increasing Climate-Related Disasters https://bit.ly/3Vlbyzo CE Webinar | Producer & Adjuster Credit | NO State Filing Fees 📅 July 25 🕙 11:00 am Eastern What's in store? -Understand how climate change impacts CAT models -Explore the concept of insurance premiums as “price signal of risk” -Examine factors that influence availability and affordability of coverage -Review new technologies that impact assessment of disaster risk https://bit.ly/3Vlbyzo

Strengthen your resilience to natural hazards with WTW's Disaster Risk Finance: https://ow.ly/wEEX30sFxPX Our finance solutions, analytics and strategic advisory services are tailored to help support resilience to climate change and natural hazards. #NatCat #ClimateRisk #ParametricInsurance #WTWPerspective #AlternativeRiskTransfer #RiskAnalytics

As climate patterns shift, warmer and wetter winters and increased instances of flash flooding are raising the stakes for business continuity and property evaluation. By taking proactive measures, asset and investment managers can mitigate these risks and gain a competitive edge. Join us for our upcoming CPD session, 'Rising Tides, Rising Strategies: Future-proofing a flood resilient real estate portfolio', which will provide attendees with insights into anticipating changes in insurability, valuations, climate reporting requirements and more. Book now: https://lnkd.in/esBEY9kn

LISTEN UP❗ Climate change ain't just some hippy dippy trend. It's a cold, hard financial reality. ⚠ Floods, droughts, wildfires... these aren't just headlines. They're risks to your clients' bottom lines. 😲 Here's the deal: ➡ Supply chain disruptions: Extreme weather can mess with your suppliers, jacking up costs and delaying deliveries. ➡ Asset devaluation: Properties in flood zones or wildfire areas lose value, affecting your clients' balance sheets. ➡ Regulatory fines: Not complying with climate regulations can hit your clients hard in the wallet. Don't be that firm who gets blindsided by climate change. 😕 Stay ahead of the curve and help your clients navigate these risks. 💪 Hit me up for a chat. 📥 #climatechange #financialrisk #accounting #sustainability #climaterisk #sustainability #business