The increasing frequency and magnitude of extreme weather and climate events pose a serious threat to infrastructure.
Key points
- Extreme weather and climate events pose significant threats to infrastructure, which may adversely impact society and economic activity.
- Recent examples, such as hurricanes Helen and Milton, highlight the substantial economic impact of these hazards, pointing at significant gaps between insured and uninsured losses.
- Physical risks are rarely factored into asset prices, leading to material losses for investors when these events occur.
- Evaluating physical risks requires both quantitative data from third-party sources and qualitative due diligence.
You can now read the full whitepaper at the link below
