Climate Change and Reinsurance
Climate change is a burning issue in 2022. There is not even an iota of doubt that climate change affects almost everyone in the world in one form or another. However, some industries are impacted more than others. The reinsurance industry is among the ones which are deeply impacted. Climate change has been identified as being among the biggest risk factors for the reinsurance industry. In this article, we will see how the reinsurance industry is affected by climate change.
The fact of the matter is that climate change is a huge factor for reinsurance companies. Also, since it is quite new and unpredictable, reinsurance companies are finding it difficult to tackle the same.
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