Aon research indicates that between 58% and 81% of global weather-related damages since 2005 have been uninsured. Aon research indicates that between 58% and 81% of global weather-related damages since 2005 have been uninsured.

Insurers aren’t the only companies worried about mounting environmental risks. Extreme climate exposures have captured the attention of the insurance industry’s clientele as well, accounting for the top five long-term concerns in a survey of global business leaders presented to the recent World Economic Forum.

Topping the list among those surveyed was the possibility of extreme weather events, such as floods or storms, along with the lack of proper planning to account for climate-related exposures. As a result, companies around the world — including insurers — are facing “mounting pressure… from investors, regulators, customers, and employees to demonstrate their resilience to rising climate volatility,” according to the survey recap.

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