Climate forces insurers to be creative and reinvent themselves
Last year, payouts for damages caused by extreme weather events amounted to US$ 120 billion- almost the same as Kenya's economic output. "The insurance industry is facing the climate challenge head-on," said Nina Seega, director of sustainable finance research at the Cambridge Institute for Sustainable Leadership. ALSO READ: A common currency in South America?
This article is available to Insider Pro subscribers only.Sign in or register to be an Insider Pro and access ALL LOCKED articles.