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All views expressed are those of the authors in their personal capacity, and unless otherwise stated, do not purport to reflect the opinions or views of the ILAS nor its Committee.
Apocalypse never? The insurance markets’ response to climate change risks
For months now, everyone has been talking about climate change. Climate risks, climate events, climate modelling, climate exposures, new climate exclusions. This article critically assesses some of the model exclusions and bespoke carrier clauses seen in practice that exclude liability for exposures with a causal link to ‘climate change’
Parametric Insurance – A Useful Tool for Fighting the Climate Emergency?
As the world faces the escalating impacts of climate change, innovative solutions are essential to manage the growing risks of extreme weather events. One such solution gaining traction is parametric insurance. This article explores what parametric insurance is and how it could play a role in combating the climate emergency or cushioning the financial impact of climate events. It also considers the regulatory landscape for such products in Singapore.