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What is the impact of climate change on insurers

The climate crisis will have dramatic impacts on economies and business communities, but the insurance industry could change the narrative through an innovative attitude to coverage.


Principal Financial Sector Specialist, Sustainable Development and Climate Change Department at Asian Development Bank

As time wears on, it’s becoming clear that failure to address the climate crisis will result in significant socioeconomic risks to our entire society. However, where there is risk there is also opportunity. Today, Asia-Pacific’s insurance industry has an unprecedented chance to position itself as a lynchpin in the region’s transition to a sustainable economy by reducing the protection gap and building resilience to climate-related risk.


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