ÐÓ°ÉÂÛ̳has integrated climate insurance into its operations to confront the growing frequency and intensity of climate-related disasters.
In 2021, extreme weather events and natural hazards cost the world US$343 billion in economic losses, the fourth highest year on record. Of these losses, only US$130 billion was compensated by insurance, meaning 60 percent of those losses were not recovered.
To ensure that both ÐÓ°ÉÂÛ̳and the people it serves have financial resilience in the face of increasing climate-related disasters, ÐÓ°ÉÂÛ̳has tested and developed climate risk insurance solutions to both protect and improve people¡¯s livelihoods as well as finance rapid recoveries.
