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Instant Insights / The impact of climate change on P&C insurance

Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.

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Managing environmental risks. Industrial activities can have a significant impact on environmental threats such as climate change and pollution. (Photo: Shutterstock)

The growth of the global economy has led to a rising concern among the public, media, businesses and politicians about environmental damage and its effects. When human activity causes damage to the environment, protection is needed for nature and health. Companies bear environmental risks and can be held liable for damage, even when not acting negligently.

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