A new paper from Zurich calls out an “alarmingly bleak” outlook thanks to climate change driving the frequency and intensity of extreme weather and increasing the likelihood of natural catastrophes.
However, the paper takes an optimistic stance that there are numerous steps that can be taken now to prepare—and insurers have a “key role” to play in that preparation.
The paper from Zurich Insurance Group released this week lays out a roadmap for governments, insurers and communities to work together to prepare for the challenges.
“From tornados and hurricanes to flooding and wildfires, extreme weather events are taking a significant and rising toll—both economic and human—across the world,” the paper states. “Over the past decade (2014-2023) th