Adapting to a changing climate

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Adapting to a changing climate

Build resilience and adapt to the impacts of climate change

Our perspective Adapting to climate change

In 2023 global natural disasters cost $280 billion with $52 billion due to floods. Losses are likely to increase as climate change intensifies extreme weather events while urban sprawl has increased asset values in high-risk areas. The UN projects annual adaptation costs for developing countries will reach $565 billion by 2050 with current financing covered on 10-20% of these expenses. Insurance and risk expertise are crucial to reducing losses and bolstering protection against a changing climate.

HOW WE CAN HELP YOU ADAPT

  • Compensating losses

    Providing compensation for replacing goods and ensuring uninterrupted services in economic losses.​

  • Ensuring financial certainty

    Supporting revenue and cost savings through financial certainty and risk transfer.​

  • Funding recovery

    Funding recovery efforts for communities and ecosystems after natural disasters.​

Mitigating climate risk Flood risk: the most frequent natural disaster

Protective measures against the risk of flood are up to ten times more cost-effective than rebuilding.

Get the publication Resilience or rebuild?

Enhancing climate resilience Build a better future

Climate adaptation is crucial to protect societies and businesses. By acting sooner, you can reap the rewards of a better economy, increased job opportunities and safer property and people. We can help you understand the potential impacts and develop an adaptation strategy to ensure you prosper.

  • 34%
    Description
    Only 34% of climate finance flowing to developing countries is being allocated to address climate adaptation - a total of $28.6 billion in 2020.
  • 61
    Description
    61 climate risks & opportunities identified in the UK¹ - 25% could result in economic impacts exceeding GBP 1 billion annually by 2050.

Video Leaders in action

Hope Murera of Zep Re and Waleed Fareed Alatabani of the World Bank discuss with Veronica Scotti how the DRIVE project promotes climate resilience and financial inclusion in the Horn of Africa.

Open video video in overlay

Global climate efforts COP 29

We welcome the hosting of COP29 by the government of Azerbaijan and look forward to acceleration of actions on climate mitigation and adaptation in a just transition.

Discover more COP29: Every fraction of a degree counts

Fostering climate resilience

Fostering climate resilience Adapt now to climate change

Insurance stabilises finances for both public and private entities, fostering investment in climate adaptation and resilience. We absorb economic losses, offer actionable risk insights, and tailor solutions to your unique challenges.

  • I firmly believe that the road to climate adaptation should be paved with pragmatism and optimism. As action-takers, we're charting a course towards a more resilient world and highlighting the economic opportunities, driving progress and prosperity.

Thought leadership

Thought leadership Explore our perspectives

Further Information

#ClimateAdaptation on social media

Contact us Interested in finding out more? Get in touch to learn how we can work together.