Risk Engineering Track
Times: 10 AM London Time with a recorded replay at 3 PM London Time
The impact of climate change on different sectors is being felt across the globe. From wildfires in Australia, to heavy torrential rains across the Middle East and severe storms across Europe, almost every industry has been impacted. Being the backbone of economic activities across all sectors, the insurance industry is heavily impacted by the devastating effect of these severe weather conditions. Some studies suggest that the impact of climate change on insurers may surpass that of the 9/11 claims in the USA.
How to assess the risk of severe weather caused primarily by climate change is a very difficult process because the frequency and severity of these conditions is unknown. In fact, each event establishes a new record that was not experienced previously.
This webinar looks at the challenges of assessing the risks of climate change to different types of industries, including power and energy, oil and gas, manufacturing, commercial, and other industries. The presenter will share the latest studies published by leading research groups and extract lessons that can be learned by insurers.
