Insuring Climate Change 2007 (ICC2007)

Venue: One Great George Street, Westminster

Location: London, United Kingdom

Event Date/Time: Oct 09, 2007 End Date/Time: Oct 09, 2007
Registration Date: Oct 08, 2007
Early Registration Date: Aug 31, 2007
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Description

Today, insurers will yet again begin to assess the cost of devastation following the latest flooding to hit central and western England.

Combined with June's floods, which are estimated to have cost insurers £1.5bn, 2007 already counts as one of the direst years yet for weather-related insurance claims. "It's definitely among the worst," said the ABI. Last month's flooding alone prompted more than 27,000 household and 7,000 business claims. This year could even surpass 1990, when storm and flood damage cost a record £2bn. In a "moderate" year, weather-related claims cost insurers £800m to £900m, while in a low year they amount to just £400m. (Source: FT)

Winter Storm Kyrill in January and widespread flooding this summer suggest the climate’s impact isn’t just a theoretical concern for the future. Could these events become more frequent as the climate heats up?

How are you and your organisation predicting the impact of climate change?
Will climate change leave you and your organisation vulnerable?
Have you and your organisation explored new business opportunities and eco-initiatives arising from climate change?

JOIN US TODAY for the next in our series of climate change conferences for 2007.

Benefits of attending:

DISCUSS what the actual cost of climate change could be for the insurance industry, given predictions of increased storms, flooding, sea-level rise etc.
HEAR the results of the key findings of an extensive cross-title readership survey on the challenges posed by climate change - only available at this event
DISCOVER alternative solutions to avoid higher mega-catastrophe pay-outs - a look at some of the non-traditional mechanics (catastrophe bonds, insurance-linked securities, index futures, industry loss warranties and sidecars).
NETWORK with attendees from the global insurance and reinsurance community

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