Insurance policies targeted at losses occasioned by climate risks such as drought, flooding and extreme heat present the next growth opportunity for Kenya’s under-performing insurance sector, experts say. Industry insiders say the industry is looking at developing products that include Read More …
Tag: climate change
Climate change risks offer insurers new cash streams
How to connect cyber-risk and climate risk strategies
Every business faces two global systemic risks: cybersecurity and climate change. Learn how to integrate these two areas of risk management for greater business resilience. Of all risks facing organizations today, those related to cybersecurity and the environment carry the Read More …
Climate change, risk finance, and innovative financial instruments
Risk is “the potential for consequences where the outcome is uncertain and something of value is at stake” (Intergovernmental Panel on Climate Change). It has distinguishable elements including a hazard, exposure, vulnerability, response options, values, magnitude, likelihood, and temporal characteristics, and Read More …
Inclusion of climate change in policy is crucial for a strong economy
As the world copes with the repercussions of legacy emissions, there is growing pressure to achieve climate-compatible growth. Fiscal and monetary authorities will now have to be cognisant of the feedback from climate change to the economy and suitably adapt Read More …
Climate change: Key UN finding widely misinterpreted
A key finding in the latest IPCC climate report has been widely misinterpreted, according to scientists involved in the study. In the document, researchers wrote that greenhouse gases are projected to peak “at the latest before 2025”. This implies that Read More …
Ways to de-risk climate finance
A domain centric approach could help through global intergovernmental risk mitigation mechanisms In recent climate finance reports, almost all think tanks, development finance and multilateral banks have outlined the need for ‘De risking climate finance’ or ‘leveraging public finance’, or Read More …
Climate change creates financial risks. Investors need to know what those are.
The U.S. Securities and Exchange Commission (SEC) voted recently to move a proposal forward that would require publicly traded companies to disclose the financial risks they face from climate change. These rules aim to bring corporate obligations for the disclosure of climate Read More …
Climate, Cyber and Financial Volatility Lead List of Emerging Risks
Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers. Providing insights on emerging risks over time, the 15th Annual Emerging Risk Survey is sponsored by the Joint Risk Management Section Read More …
Climate risk – India Inc needs to act now
The increase in frequency and severity of natural catastrophic events that the world is facing as a result of climate change is upon us. As per the IPCC Climate Change Report 2021, flash floods, sizzling temperatures, droughts, and intense cyclones Read More …
OCC Drafts Climate Risk Management Principles for Large Banks
The OCC issued draft Principles for Climate-Related Financial Risk Management for Large Banks. . The draft principles provide banks with “a high-level framework for the safe and sound management of exposures to climate-related financial risks, consistent with the existing risk management Read More …