Climate Change and the Insurance Industry: Impacts and Preparedness
Insurers look to new tools to mitigate risks as firestorms, hurricanes, flooding, and other extreme weather events become more prevalent.
Climate change is a complex issue with far-reaching consequences across various sectors, including the insurance industry. In this podcast, James Handley, director of data science at LexisNexis Risk Solutions, and Heikki Vesanto, data science manager at LexisNexis Risk Solutions, shed light on climate change impacts on the insurance industry – and how policyholders and insureds can prepare.
You’ll also hear:
- The factors increasing risk, such as record-breaking temperatures, warmer oceans, social inflation, and more.
- The areas hardest hit by climate change and potential future impacts.
- How proactive measures and innovative technologies can facilitate more informed decisions and help mitigate risks associated with climate change.