Insurance Risks and Climate Change – Swiss Re

Insurance can be key in helping communities adapt to and manage the risks associated with climatic events, according to a report by Zurich-based Swiss Reinsurance Co.

The report, released at the opening of Climate Week NY°C 2010 in New York on Monday, says new forms of risk transfer that involve public and private sectors can offer ways for poor communities in developing countries to insure climate risks and losses associated with large natural disasters, the report states.

Climate Week is a “global forum to mobilize an international public-private response to climate change,” according to the conference’s website.