Moving the Topic of Climate Change from Politics to Economics

Rather than constantly reacting to extreme weather conditions brought on, in the most part by the effects of climate change, is it not now time for the insurance industry to seize the opportunity and take a proactive stance for the greater good? Modern availability of data, innovative analytics products and frankly more importantly a moral obligation, can drive real change into society. With the development of new underwriting coupled with a better understanding of the connected risks, the industry can drive real change. Insuring and managing the risk of those specific industries in vulnerable regions that have far reaching effects on global supply chains and the refusal of some insurers and reinsurers like Allianz not to cover new coal based projects are merely the tip of the metaphorical melting iceberg.