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The race to insure Southeast Asia against climate risk
Manage episode 401058394 series 1927128
Content provided by Eco-Business. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eco-Business or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Heat, storms, floods, fires – Asia is highly vulnerable to climate risk, but massively underinsured against it. This trend is putting the wallets and livelihoods of billions in jeopardy. Data by global insurer Munich Re last month showed that the region was once again poorly indemnified in 2023, with only 14 per cent of US$50 billion of damages recovered. Joining the Eco-Business Podcast to examine the factors holding Asia back on climate insurance are Dr Jack Xia, chief actuary of Singapore-based insurer Igloo, which offers an automated “Weather Index insurance” for farmers in Vietnam, and Dr Christopher Au, head of risk advisory and insurance firm WTW’s Asia Pacific Climate Risk Centre. Tune in as we discuss: - The reasons Southeast Asia is underinsured against growing extreme weather risks - How insurers can strike a balance between keeping premiums affordable and ensuring business continuity - The risk of uninsurable climate risks in the region - The role of government and blended finance models - What climate insurance could look like in the future
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96 episodes
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Manage episode 401058394 series 1927128
Content provided by Eco-Business. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eco-Business or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Heat, storms, floods, fires – Asia is highly vulnerable to climate risk, but massively underinsured against it. This trend is putting the wallets and livelihoods of billions in jeopardy. Data by global insurer Munich Re last month showed that the region was once again poorly indemnified in 2023, with only 14 per cent of US$50 billion of damages recovered. Joining the Eco-Business Podcast to examine the factors holding Asia back on climate insurance are Dr Jack Xia, chief actuary of Singapore-based insurer Igloo, which offers an automated “Weather Index insurance” for farmers in Vietnam, and Dr Christopher Au, head of risk advisory and insurance firm WTW’s Asia Pacific Climate Risk Centre. Tune in as we discuss: - The reasons Southeast Asia is underinsured against growing extreme weather risks - How insurers can strike a balance between keeping premiums affordable and ensuring business continuity - The risk of uninsurable climate risks in the region - The role of government and blended finance models - What climate insurance could look like in the future
…
continue reading
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Similar to Eco-Business Podcast
The traditional enterprise go-to-market motion is undergoing a transformational shift. B2B buyers are more sophisticated than ever, and operational efficiency is a key focus for every organization. One key function possesses a unique opportunity to shape the future of revenue generation: enablement. On this podcast, we’re bringing you the secrets, strategies, and tactics that successful enablement leaders are using to drive meaningful impact. The Enablement Edge is the go-to resource for sal ...
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…
continue reading
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…
continue reading
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Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
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continue reading
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…
continue reading
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