✉news EnvironmentClimate first seen 1 d ago, last 1 d ago, peak #24
Climate risk stays insurable when it can be quantified, says KCC
Original: Climate risk remains insurable if it can be quantified: KCC
Risk modelling firm KCC says climate change does not make risks uninsurable, as long as they can be properly quantified. The message, picked up in reinsurance circles including Bermuda, points to accurate catastrophe modelling as the key to keeping cover available and priced sustainably as extreme weather losses grow.
Why now: Rising climate-driven losses are squeezing the insurance market, so industry views on insurability are drawing attention.
KCCBermudareinsurance industry
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