Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

UAE - Workshop on climate risks, opportunities for insurance

Thursday, 09 24 2020, Category: Nature, Country: U.A.E
The Ministry of Climate Change and Environment (MOCCAE) and the Insurance Authority organized a virtual awareness workshop to explore climate-related opportunities and challenges for the insurance sector.

Themed ‘Studying the Insurance Sector’s Opportunities and Risks in Light of Climate Change Challenges’, the event drew the participation of 50 insurance companies and other relevant stakeholders for an in-depth discussion about the potential role of the insurance sector in minimizing the risks and maximizing the benefits amid the climate crisis.

Fahed Al Hammadi, Acting Assistant Undersecretary for the Green Development and Climate Change Sector at MOCCAE, said: "In line with its mandate, MOCCAE works relentlessly to create a unified federal platform for climate mitigation and adaptation efforts. Last year, the Ministry launched the National Climate Change Adaptation Program in collaboration with public and private sector stakeholders. The nationwide multisectoral initiative seeks to boost the UAE’s climate resilience through assessing the impacts of climate change on key sectors – energy, health, infrastructure, and the environment, identifying the risks that demand urgent action, and providing feasible solutions."

MOCCAE introduced attendees to the program to educate them about its goals, activities, outputs, and outcomes. The workshop, supported by the Global Green Growth Institute (GGGI), was one of the key milestones of the adaptation program focused on the insurance sector.


Source: Emirates News Agency
All copyrights reserved, Arab Reinsurance 2016 ©