Climate change and insurance

Records of mean global temperatures go back to 1861, and for the northern hemisphere there are reliable temperature estimates for the last 1,000 years. The records show a clear trend. The average temperature on earth is rising – with an increase of 0.7°C since 1900 alone.

As the temperature increases, so too do the losses – weather extremes becoming more frequent and more intensive. Economies and insurers face growing challenges. Munich Re’s website offers a wealth of information on climate change and its background.