Ban Ki-Moon, Obama in insurance pledges at Paris climate talks
Wednesday, 12 02 2015, Category: Insurance and Reinsurance, Country: World
Ban Ki-Moon, the Secretary-General of the United Nations, and President Obama of the United States, both made pledges to step up the role of insurance in protecting the most vulnerable against the impacts of climate change yesterday.
Speaking at the Paris COP21 climate talks yesterday, these two world leaders demonstrated the vital role that insurance, reinsurance and risk transfer has to play in helping to make the world more climate secure.
With weather and climate related disaster losses thought to be rising in many regions of the world, and with an expectation that this rise is exacerbated by and will continue as a warmer and more volatile climate contributes to increasing economic losses, the need to put in place insurance, reinsurance and risk capacity to protect the most vulnerable is becoming increasingly urgent.