Analysis

Parametric insurance poses ‘really compelling’ solution to climate change driven weather events

By David Blackman 2022-12-16T09:53:00

flooding (8)

Following November’s Cop27 conference, the impact of weather events influenced by climate change has hit home – and brokers are looking outside of traditional covers to help clients

The devastating floods that hit Pakistan in September last year were near the top of delegates’ minds at 2022’s United Nations Climate Change Conference (Cop27) in Egypt, which concluded in November amid widespread acrimony.

This year’s summit was focused on finding ways of mitigating just the kind of loss and damage that left 33 million Pakistani people homeless in 2021.

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