Global specialty property and casualty insurer and reinsurer Catlin Group Limited has teamed up with Google Maps to provide landlocked viewers a glimpse into the secret and quickly-disappearing world of coral reefs as part of an initiative to better understand and insure developing risks.
Besides being a prime feeding and breeding ground for ocean life, the insurer says the reefs are a natural risk indicator that displays early signs of global environmental changes. Reefs also act as physical barriers that protect vital shoreline properties from storm surge, which is an increasing worldwide risk due to climate change.
“The Catlin Seaview Survey will use new technology to gather important scientific information about coral reefs that has never been previously collected,” says Stephen Catlin, chief executive of Catlin Group Limited. “Catlin is sponsoring the Survey so that we can better understand the changes that are occurring to our planet. We believe that the more we understand about what is happening to the world in which we live, the better we can decide how to insure the risks we will face in the future.”
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