No one better to manage world’s risks than insurers
Monday, 11 30 2015, Category: Insurance and Reinsurance, Country: World
There is “no one better able to help the world manage its risks” than the insurance and reinsurance industry (and we would venture the ILS market), according to Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change.
Speaking during an event held by the French Federation of Insurance Companies (FFSA) in Paris this morning and coinciding with the build up to the key COP21 climate talks next week, Figueres explained the important role that insurance and reinsurance plays in helping the world to manage, mitigate and adapt to the risks posed by climate, weather and natural disasters.
Figueres began by explaining a key issue related to the COP21 climate talks and insurance, the fact that many believe that, in terms of warming, “A world that goes above 2 degrees is uninsurable.”