This project aims to contribute to insurance risk management in a changing climate. In-depth analyses will be performed to understand, assess and mitigate climate risk from an insurance point of view. Effective management of climate risk is of fundamental importance for solvency considerations of insurance and reinsurance companies. We first identify and quantify the increasing financial burden faced by the insurance sector due to climate change. Different approaches to mitigate and transfer climate risk will then be evaluated. Finally, we provide new insights into the future of climate risk management in the Australian context.
|Effective start/end date||29/07/19 → 28/07/21|