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Climate Change Is Hitting the Insurance Industry Hard. How Swiss Re Is Adapting

• vixen99 7y ago
  'Christian Mumenthaler, Swiss Re’s chief executive, told shareholders this past March, in the company’s 2018 annual report. And Swiss Re is convinced, Mumenthaler made clear, that the trend is linked to rising temperatures'. Even the IPCC has shown that decadal rates of drought, storms, flooding, hurricanes, cyclones, tornadoes, and the rate of sea-level rise have not registered any statistically significant change during the recent period of warming that was partially induced by CO2.
  • Arnt 7y ago
    "Even the IPCC"? You make it sound as if the IPCC were some sort of advocacy group. That aside, there's no conflict. You're talking about whether the current data is within trend lines, Swiss Re is saying that the errors bars on its forecasts are growing wider. wider error bars (less accurate forecasts) is a problem for an insurer, even if the middle of the forecast isn't moving.
• rosege 7y ago
  Interesting. I saw someone saying (not on HN) that they wouldn't believe global warming until insurance companies started worrying about it.