The increasingly pronounced consequences of natural disasters caused by climate change on everyday life and business are causing increased interest in insurance against possible damages, but also increased risks for the operations of insurance companies. Although there has been some progress in the efforts of the economy and states to reduce the threats brought by climate change, our market research indicates that most insurance companies must additionally develop their strategies, business models and tools in order to be able to confidently claim that they are capable of recognizing and appropriately managing climate risks.
Article author:
Nikola Đenić
Partner - Financial Institutions and Services
KPMG Belgrade
How to Strengthen Resilience to Climate Risks?
Article taken from the magazine "Business and Finance" issue 162 - Finance TOP 2018/2019, June 2019.