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How resilient is the insurance industry against climate change?


Victoria Ticha
New research finds there are several steps insurers can take to improve the way they assess and manage the impacts of climate change on the community.
More than 11 million hectares were devastated, and insured losses were estimated at up to AU $1.9 billion during Australia s bushfire crisis in 2019. Image: Shutterstock
The escalating frequency and severity of extreme weather-related events shine a brighter regulatory spotlight on insurance risk and climate change, and all eyes in the insurance industry are on Australia this summer.
The Bushfire and Natural Hazards Cooperative Research Centre is already forecasting above-normal fire conditions for parts of Australia. Last year, record-breaking temperatures and months of severe drought fuelled a series of massive bushfires across Australia. More than 11 million hectares were devastated, and insured losses were estimated at up to A$1.9 billion. ....

Qihe Tang , School Of Risk , Business School , World Health Organization , Department Of Actuarial , Natural Hazards Cooperative Research Centre , Business Analytics At Macquarie School , Joint Extremes , Professor Qihe Tang , Senior Lecturer , Actuarial Studies , Business Analytics , Macquarie Business , பள்ளி ஆஃப் ஆபத்து , வணிக பள்ளி , உலகம் ஆரோக்கியம் ஆர்கநைஸேஶந் , துறை ஆஃப் இயல்பான , இயற்கை ஆபத்துகள் கூட்டுறவு ஆராய்ச்சி மையம் , வணிக பகுப்பாய்வு இல் மக்வரீ பள்ளி , கூட்டு உச்சம் , மூத்தவர் விரிவுரையாளர் , இயல்பான ஆய்வுகள் , வணிக பகுப்பாய்வு , மக்வரீ வணிக ,