Adapting to a changing climate

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Our perspective Adapting to climate change

In 2022, global natural disasters cost $275 billion. Intensified and increased in frequency by climate change - heatwaves, wildfires and droughts emphasise the need for climate adaptation solutions along with carbon dioxide emission reductions. The United Nations projects annual adaptation costs for developing countries to reach $565 billion by 2050, with current financing covering only 10-20% of these expenses. Insurance and risk expertise are crucial for 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 Changing climates: the heat is (still) on

Understanding how natural perils shape the risk landscape is critical to advancing global preparedness for climate change.

Get the publication Changing climates: the heat is (still) on

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 UK* - 25% could result in economic impacts exceeding GBP 1 billion annually by 2050. *²⁰²³ ᵁᴷ ᶜˡᶦᵐᵃᵗᵉ ᶜʰᵃⁿᵍᵉ ᴿᶦˢᵏ ᴬˢˢᵉˢˢᵐᵉⁿᵗ ᴿᵉᵖᵒʳᵗ

Thought leaders in action DRIVE – Horn of Africa

Join us as we sit down with leading figures in climate adaptation and take a closer look at the DRIVE project, focusing on the Horn of Africa. Hope Murera, Veronica Scotti and Olivier Mahul explore the strategies, challenges and triumphs in the pursuit of societal resilience.

Open thought leaders in action video in overlay

Global climate efforts COP 28

It’s crucial we work together on climate change mitigation and adaptation. Discover our contribution to the global debate.

Discover more COP28: Race to resilience

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.
Cherie Gray, Global Lead Sustainability & Market Development

#ClimateAdaptation on social media

Thought leadership

Thought leadership Explore our perspectives

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