European Actuarial Journal· 2026Q2
The insurance of climate-related physical risks: challenges and opportunities for actuaries
- 0citations
- Q2SCImago
- 2026year
Short summary
Climate change reshapes the insurability of physical risks, presenting new challenges and opportunities for actuaries in managing insurance company balance sheets.
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Key points
- Climate change is redefining the insurability of physical risks.
- A balance-sheet perspective is crucial for understanding impacts on insurance companies.
- Regulation, risk prevention, and mitigation are key to addressing climate-related risks.
- New challenges also create opportunities for research and innovation in the insurance sector.
AI-generated from the title and abstract; the full text is not read.
Abstract
Abstract We examine the key challenges associated with insuring climate-related risks in the context of a changing climate. Adopting a balance-sheet perspective on insurance company management, we analyze the concept of insurability and how it may be reshaped by climate change. Focussing on non-life perils, we further explore the roles of regulation, risk prevention and mitigation in addressing these issues, and discuss a range of potential solutions – and limitations – that emerge. These challenges also open up interesting opportunities for both academic research and practical innovation within the insurance industry.
The authors' abstract, as published at the source. European Actuarial Journal, 2026 · DOI ↗
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Field: Soil Science
Soil ScienceAgricultural and Biological Sciences