What the market thinks: How global insurers are responding to rising physical risk
Alongside MSCI Institute, our team spoke with 50 insurers managing the risks and opportunities of climate change.
The report features forwards from leaders at the United Nations Environment Programme Finance Initiative and Lloyd's Market Association.
Here are our 3 key takeaways:
A looming infrastructure insurability crisis
Infrastructure insurability crisis: 96% of insurers see a coming market failure.
A model timing problem
Today fewer than 1 in 5 insurers meaningfully integrate forward-looking climate scenarios into pricing, but nearly 90% say they would if scenarios focused on 2030 instead of 2050.
Areas for growth
Insurers view climate advisory as the best new opportunity today and see opportunities in adaptation, nature, and resilience tomorrow.
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What the market thinks: How global insurers are responding to rising physical risk