Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG has launched a new disaster insurance solution designed to rapidly pay out emergency cash when earthquakes or tropical cyclones strike. Continue reading “CelsiusPro launches parametric quake & cyclone emergency cash cover”
Philippines cat bond still planned, will expand new parametric insurance
The Philippines government is still planning to sponsor a sovereign catastrophe bond, in order to further enhance its national level disaster risk financing, and the recently announced parametric disaster insurance pilot is expected to be expanded to cover the entire country.
Continue reading “Philippines cat bond still planned, will expand new parametric insurance”
Continue reading “Philippines cat bond still planned, will expand new parametric insurance”
WMO opens new Regional Office in Singapore
The World Meteorological Organization (WMO) has opened a new office for the Asia-Pacific region in Singapore to improve coordination on hazards ranging from floods to fires and to strengthen meteorological services for rapidly evolving economic sectors such as air and marine transport. The Regional Office is being hosted by the Meteorological Service Singapore (MSS) and will serve as the nerve centre for WMO’s programmes in the region. Continue reading “WMO opens new Regional Office in Singapore”Centre for Global Disaster Protection
20 July 2017 – Today, International Development Minister Lord Bates is speaking at a Global Insurance Forum event. He will outline the UK’s partnership with the World Bank and Germany for the Centre for Global Disaster Protection in London that will support the poorest countries to strengthen their disaster planning and get finances in place before disaster strikes so they can better manage the economic impact of emergencies and build their resilience. Continue reading “Centre for Global Disaster Protection”
Insurance Development Forum Applauds UK and Germany Leadership To Address Disaster Coverage Gap
Government Agencies Commit Support to Build Financial Resilience of Poorest and Most Vulnerable Economies
LONDON, July 20, 2017 – The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, applauds announcements by the development ministries of the United Kingdom and Germany to dedicate support to narrow the disaster protection gap for communities in the poorest countries. Continue reading “Insurance Development Forum Applauds UK and Germany Leadership To Address Disaster Coverage Gap”
LONDON, July 20, 2017 – The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, applauds announcements by the development ministries of the United Kingdom and Germany to dedicate support to narrow the disaster protection gap for communities in the poorest countries. Continue reading “Insurance Development Forum Applauds UK and Germany Leadership To Address Disaster Coverage Gap”
Climate Progress Dashboard forecasts global warming of more than 4°C
Climate change will be a defining driver of the global economy, society and financial markets over the coming years, decades and beyond. Schroders has developed a Climate Change Dashboard to measure progress towards a decarbonised world. Continue reading “Climate Progress Dashboard forecasts global warming of more than 4°C”
Banks worth $7 trillion pledge to calculate costs of climate risks
TORONTO, July 11 (Thomson Reuters Foundation) – Eleven of the world’s biggest banks pledged on Tuesday to find out how much exposure they have to risks related to climate-change, a move backed by environmentalists who say better information on the costs of global warming will push lenders to transition towards green investments. Continue reading “Banks worth $7 trillion pledge to calculate costs of climate risks”
Late payment epidemic set to cripple exports as over a third of SMEs left without contracted payment terms
New research reveals more than one in three (38%) UK SMEs receive no payment terms from their customers.
Over half a million businesses give up on exporting due to chronic late payment problem
Long and repeated history of being denied access to working capital has left SMEs in a long-term cycle of despair.
New financing solutions can help break the cycle and will leave SMEs better prepared for leaving the European Union. Continue reading “Late payment epidemic set to cripple exports as over a third of SMEs left without contracted payment terms”
After The Storm: The Rising Risk Of Floods
Natural disasters and extreme weather events are on the rise. The impact of droughts, extreme temperatures, hurricanes and wildfires have all increased over the last 60 years. But it is floods that has taken the biggest toll on the world in recent times. Continue reading “After The Storm: The Rising Risk Of Floods”
Banks Failing to Respond to Climate Risks, New Reports Find
TOKYO, June 22, 2017 — A report released today by four NGOs – Rainforest Action Network, BankTrack, Sierra Club and Oil Change International – revealed that the world’s biggest banks, including Japan’s three megabanks, are failing to respond to climate risks through their continued financing of extreme fossil fuels. Continue reading “Banks Failing to Respond to Climate Risks, New Reports Find”