February 27, 2024

Climate Change: What does the future hold for health and life insurance?

This report, from the Geneva Association, assesses the implications of climate change for life and health insurers, classifying threats related to morbidity and mortality into four categories: acute, chronic, transition and litigation. It finds that the short-term consequences for the sector have so far been limited. However, the frequency and severity of climate events are expected to increase in the coming years. With over 40% of the world’s population residing in climate-vulnerable locations, the shocks felt by health and life insurers are therefore likely to become more severe in the long term.