Sustainable Views (August 15)
2024/ 08/ 17 by jd in Global News
Estimates from Swiss Re indicate “only 38 per cent of global economic losses caused by natural disasters were insured” in 2023 “Climate change is likely to compound the problem,” however, “the growing catastrophe bond market could potentially help to plug this insurance gap.” While primarily “focused on earthquakes and hurricanes,” the cat bond market is exploring “other risks such as wildfires, floods and droughts” and grew to “$12.3bn worth of primary issuance in the first half of this year – an all-time high.”
Tags: $12.3bn
