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Are frequent floods, hurricanes driving up the price of insurance? | Transforming Business

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To insure or not to insure, that is the question. The insurance industry is worth 6 trillion US dollars, more than Japan’s GDP. We dig deep in this industry to see if they are keeping up with the destruction and damage being caused by climate change-related catastrophes. Do insurers really carry the burden of the risk? Do the payouts always reach those impacted? Extreme weather events can cause billions worth of damages. Is the industry ready?

Chapters:
00:00 Hurricane Otis in Mexico
03:13 Risk from natural disasters
04:57 Calculating loss and damage
06:47 Flashfloods in Germany
09:01 The uninsured
10:30 Finding solutions

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#insurence #flashfloods #naturaldisasters
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Europe
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