James Eck, vice president-senior credit officer at Moody's Investors Service, sat down with PC360 to discuss his team's latest report, "Climate change risks outweigh opportunities for property and casualty reinsurers."
In the study, Moody's says climate change creates significant challenges for the P&C insurance and reinsurance sectors and has a net negative credit impact on the industry. To a lesser degree, climate change also presents opportunities for firms to introduce new products and expand existing products.
Eck discussed the details on how P&C companies are exposed to climate change risks, the levers these companies have to manage risks and the constraints they face. Eck also elaborated on a pricing uncertainty facing the industry, and how climate change may also pose opportunities along with an increasing number of challenges for the P&C industry.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
