Climate threats and geopolitical risks are on the list of the most important problems for insurers
Analysts of the international rating agency Moody’s presented a list of the most important problems faced by the global insurance industry.
According to Moody’s report, climate threats are the most important factor that has “turned the insurance industry upside down.”
Other threats include the transition to Net-Zero and the introduction of green technologies, supply chain disruptions, geopolitical risks, multi-year military conflicts, and cyber incidents.
“Suppression in supply chains, the threat of a pandemic and geopolitical risks have exacerbated what were largely innocent economic problems in many countries, driving inflation, rising wages and commodity prices, while insurers are forced to use an inflationary business scenario that they have not used for 20-30 years,” says Moody’s report.
The Internet resource UkrStrahuvannya knows that the Moody’s report was released for the Exceedance 2024 international conference, which is currently being held in Montreal (Canada).