climate change insurance threat or opportunity
Download
Skip this Video
Download Presentation
Climate Change & Insurance: Threat or Opportunity?

Loading in 2 Seconds...

play fullscreen
1 / 14

Climate Change & Insurance: Threat or Opportunity? - PowerPoint PPT Presentation


  • 127 Views
  • Uploaded on

Climate Change & Insurance: Threat or Opportunity?. Brett Schreiber Marketing Fisher College of Business. Global Warming Determination. Intergovernmental Panel on Climate Change (IPCC) is made up of thousands of scientists that come up with a defined statement on climate change

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Climate Change & Insurance: Threat or Opportunity?' - zaide


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
climate change insurance threat or opportunity

Climate Change & Insurance: Threat or Opportunity?

Brett Schreiber

Marketing

Fisher College of Business

global warming determination
Global Warming Determination
  • Intergovernmental Panel on Climate Change (IPCC) is made up of thousands of scientists that come up with a defined statement on climate change
  • 5assesments have been made with the last assessment being in September of 2013
  • http://www.youtube.com/watch?v=rFYbdHW7QAM
highlights from ipcc ar5
Highlights from IPCC AR5
  • 95% sure the climate change is manmade
      • Increase from 90% in 2007 and 66% in 2001
  • “The pause”- .22 deg F increase per decade since 1950 while this has leveled off to .09 deg F since 1998
  • Conflict: models are not reproducing warming of last 15 years
    • El Nino/La Nina
human impact on climate change
Human Impact on Climate Change
  • Differences in land cover
  • Release or cleanse of pollutants
  • Release or cleanse of greenhouse gases
what insurance c ompanies think of the climate change
What Insurance Companies Think of the Climate Change
  • There has been almost unanimous agreement that the climate is changing
  • Mainly worry about increasingly severe weather events and global warming
  • More severe natural disaster makes for more cost in damages.
    • Ex: 12.3 billion dollars going to corn farmers that suffered from last years drought
pricing response
Pricing Response
  • With increased severity of these weather events, potential losses are inevitable
  • Talks of risk adequate pricing and less availiability in high risk areas
risk management response
Risk Management Response
  • Loss prevention is thought of as a more reasonable approach
  • By limiting the amount of on-site fuel accumulation, changing roofing materials, clearing brush around the buildings and even by not using a lot of oil-based plants in the landscaping, “we can manage the liability so we can still put our capacity out there even in high-risk zones.”  -Zurich Insurance
opportunity
Opportunity
  • A more climate threatened world gives insurance companies the ability to increase revenue through covering other emerging business that is trying to solve the problem
  • Most seen in alternative energy
  • Some governments encourage alternative energy with incentives
    • Ex: Germany and solar power
  • Risk of renewable energy is that they may not be operational in some nature conditions.
review
Review
  • IPCC determined 95% of climate change is human caused
  • The increase in temp. has leveled off but thought to be due to El Nino/La Nina
  • Major Human impact on climate includes altering land cover, pollutants, and GHGs
  • Climate change does provide difficulties for insurance companies, but also gives opportunities through renewable resources and risk management
sources
Sources
  • http://www.propertycasualty360.com/2013/02/05/climate-change-insurance-existential-threator-ex?t=climate-change&page=
  • http://ecoopportunity.net/2013/03/climate-change-and-insurance-a-looming-threat-to-the-economy
  • http://www.ipcc.ch
ad