Resilience & Sustainability

Cyber incidents remain the top global business risk, and climate change surges to its highest-ever ranking in the Allianz Risk Barometer.

In theory, increasing insurance premiums signals rising risk and spurs action that mitigates disasters like California's fires. In practice, climate is changing too fast, and government is being too slow.

Property insurers must evolve beyond reactive coverage to build climate resilience as extreme weather events intensify. Property assessments are key.

Expect even more AI than you saw in 2024, powering search engines; agentic AI; smaller, more precise generative AI models; robotaxis and robots. And that's just for openers. 

As extreme weather events increase in frequency and intensity, they don't just affect the environment but also the operational viability of businesses. 

The winners of the Global Innovation Awards, which the International Insurance Society and ITL handed out last week, suggest a revealing theme. 

Earth observation technology emerges as a crucial tool in predicting and fighting wildfires.

As coral reefs face unprecedented bleaching events, parametric insurance emerges as a vital tool for protecting ecosystems.