PHILLIP PETTERSEN: Jacking up disaster risk control by building back on higher ground
SA is getting more susceptible to climate change dangers as informal settlements grow 146% The storms preceding the recent KwaZulu-Natal floods were part of a normal weather system known as a cut-off low that is often responsible for excess rain and cold. But experts say the intensity of the deluge was due to climate change […]
WEF: It’s not just climate change driving natural disaster losses
Climate change is contributing to rising losses from natural disasters, including increased damage to physical assets and disruption to business operations. But an underreported driver of losses is the growing number and value of exposed properties, such as those in floodplains. Organizations should set a baseline of risk to understand how natural disasters can impact […]
Being viewed as ESG positive is not enough for ILS: Prabis, Hiscox ILS
Interest in the relevance of insurance-linked securities (ILS) from an ESG standpoint continues to grow, but while there’s consensus that the market has a role to play, being viewed as positive is not enough, according to Vincent Prabis, Managing Principal at Hiscox ILS. We spoke with Prabis as part of our series of sponsor showcase video […]
ESG a “major consideration” for ILS sponsors & investors: Gallagher Re
Environmental, social and governance (ESG) issues and the ESG appropriateness of investments, emerged as a “major consideration” for both insurance-linked securities (ILS) sponsors and investors during 2021, according to reinsurance broker Gallagher Re. ESG has been a topic of discussion in the insurance-linked securities (ILS) market for a number of years, in fact we first […]
