Lauren Crane, analyst in the Insurance-Linked Strategies team at Neuberger Berman, suggests that the extreme perception of climate change may “present an opportunity rather than a threat” to the ILS market.
Writing in a blog on the matter for global asset manager Neuberger Berman, Crane observed that climate change is often cited as the primary reason for insured loss growth.
However, according to Crane, this does not paint the full picture.
She noted that while climate change has a “significant long-term influence” on natural catastrophes, exposure growth and population distribution changes “appear to be the leading drivers” of elevated insured losses.
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