Reconsidering Risk
Six months ago, we made predictions about major trends shaping the insurance market in 2021. Now, we are revisiting them to see what came true.
The term "climate change" refers to a rise in the average global temperature due to an increase in the concentration of atmospheric greenhouse gases, resulting in numerous climatic shifts and impacts around the globe. The term “global warming” is also used, although it is important to recognize that the increase in temperature is a global average and individual locations will experience varied temperature and precipitation changes.
Six months ago, we made predictions about major trends shaping the insurance market in 2021. Now, we are revisiting them to see what came true.
Insurance companies play a critical role in preparing communities for climate change. Using big data and AI, insurers are leading the way.