Analysis

TechTalk: Climate change focused insurtechs support insurers to ‘insure the uninsurable’

By 2024-04-30T10:00:00

climate change city tech

Industry needs to ’adopt new technologies to future forecast’ because developing climate change risks are ’harder to insure as you can’t rely on historical data’, says senior manager

Earth Day on 22 April 2024 served as a timely reminder of the threat climate change poses to the environment. As industries and countries focus on achieving net zero carbon dioxide emissions, the insurance industry has been grappling with the challenge of underwriting fluctuating risks and emerging solutions tied to climate change.

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