Daily Fintech Conversations

The Climate Change Conundrum Part 1: Insurers' Maneuvers

Originally published at: https://dailyfintech.com/2021/11/25/the-climate-change-conundrum-part-1-insurers-maneuvers/

A study of insured losses over the last half century reveals that weather-related events have significantly escalated compared to non-climate perils. Between 2010 and 2019, global insured losses from wildfires increased by 500%. On the other hand, the humanitarian aid deficit grew from a little under a billion dollars two decades ago, to $4 billion…