Reinsurance and climate change – no storm in a teacup

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The recent fires in George and California have added to a long list of natural disasters affecting the world in 2018. Hurricanes, typhoons, earthquakes, volcanic eruptions and deadly winter storms in Europe all featured on the radar. With none of the countries in the G20 on course to reduce climate change, NatCats could only increase.

In its latest Climate Progress Dashboard, global investment firm Schroders suggests global temperatures are likely to exceed the 2°C limit outlined in the 2015 Paris Agreement. Economic losses of climate change over the next 80 years are expected to amount to $23 trillion.

What does the future hold for this most resilient of industries in the face of climate change and its effects? To find out more, read the November issue of RISKAFRICA magazine, out now!

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