Insuring Acts of God: Climate Change Impacts on the Insurance Industry (ft. Ernst Rauch, Munich Re’s Chief Climate and Geoscientist)
04/14/22 • 30 min
In insurance lingo, an “Act of God” is an event outside of human control or activity, such as natural disasters. With the growing frequency of such "Acts of God" - amplified by acts of men - the question of the insurability of climate risks is front and center.
From the Oracle of Delphi's predictions to the emergence of insurance as a safeguard against unforeseen calamities, Kokou’s narrative weaves through time to contextualize the contemporary role of insurance in mitigating risks. He starts by tracing the roots of insurance back to ancient Greece, then fast forward to the present day where insurance has evolved into a global industry worth over $5.5 trillion, serving as a cornerstone of modern economies.
As climate change increasingly disrupts global weather patterns, the insurance industry faces unprecedented challenges. Natural catastrophes become more frequent and severe, and questions arise about the industry's sustainability and ability to adapt. Will climate change render insurance unaffordable in the long run? How can insurers reshape their business models to confront climate risks sustainably?
Through an engaging interview with Ernst Rauch, Munich Re’s Chief Climate and Geoscientist, we gain valuable insights into how the insurance industry is facing the climate crisis. From recalibrating risk models to fostering collaboration and innovation, insurers are proactively addressing the evolving landscape of climate-related risks.
Moreover, the episode explores the relationship between individual actions, societal resilience, and insurance affordability. By highlighting the critical role of risk management and mitigation strategies, it underscores the collective responsibility in building a more resilient future. Drawing inspiration from historical wisdom and contemporary leadership, it emphasizes the power of collective action in shaping a sustainable future.
About this show
Welcome to 2050 Investors your monthly guide to understanding the intricate connections between finance, globalisation, and ESG.
Join host Kokou Agbo-Bloua, Head of Economics, Cross-Asset & Quant Research at Societe Generale, for an investigation of the economic and market megatrends shaping the present and future, and how these trends might influence our progress to meeting 2050’s challenging global sustainability targets.
In each episode, Kokou deep dives into the events impacting the economy, financial markets, the planet, and society. Through a magical blend of personal anecdotes, in-depth research and narratives overlaid with music, sound effects, and pop culture references, there’s certainly something for everyone.
Kokou also interviews industry-leading experts, personalities, entrepreneurs and even Nobel prize winners! You will learn from the best on a wide range of subjects on current affairs, market shifts, and economic developments.
If you like 2050 Investors, please leave a five-star review on Apple Podcasts or Spotify. Your support will help us spread the word and reach new audiences. If you’re seeking a brief and entertaining overview of market-related topics and their business and societal implications, subscribe now to stay informed!
Previous episodes of 2050 Investors have explored ESG-influenced financial assets, climate change, AI, greenflation, smart cities, globalization, plastic pollution, food, health care, biodiversity, the energy transition, and more.
Credits
Presenter & Writer: Kokou Agbo-Bloua. Editor: Julien Moity, Vincent Nickelsen. Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer: Fanny Giniès. Sound Director: Antoine Larcher. Music: Rone. Graphic Design: Cedric Cazaly
Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
In insurance lingo, an “Act of God” is an event outside of human control or activity, such as natural disasters. With the growing frequency of such "Acts of God" - amplified by acts of men - the question of the insurability of climate risks is front and center.
From the Oracle of Delphi's predictions to the emergence of insurance as a safeguard against unforeseen calamities, Kokou’s narrative weaves through time to contextualize the contemporary role of insurance in mitigating risks. He starts by tracing the roots of insurance back to ancient Greece, then fast forward to the present day where insurance has evolved into a global industry worth over $5.5 trillion, serving as a cornerstone of modern economies.
As climate change increasingly disrupts global weather patterns, the insurance industry faces unprecedented challenges. Natural catastrophes become more frequent and severe, and questions arise about the industry's sustainability and ability to adapt. Will climate change render insurance unaffordable in the long run? How can insurers reshape their business models to confront climate risks sustainably?
Through an engaging interview with Ernst Rauch, Munich Re’s Chief Climate and Geoscientist, we gain valuable insights into how the insurance industry is facing the climate crisis. From recalibrating risk models to fostering collaboration and innovation, insurers are proactively addressing the evolving landscape of climate-related risks.
Moreover, the episode explores the relationship between individual actions, societal resilience, and insurance affordability. By highlighting the critical role of risk management and mitigation strategies, it underscores the collective responsibility in building a more resilient future. Drawing inspiration from historical wisdom and contemporary leadership, it emphasizes the power of collective action in shaping a sustainable future.
About this show
Welcome to 2050 Investors your monthly guide to understanding the intricate connections between finance, globalisation, and ESG.
Join host Kokou Agbo-Bloua, Head of Economics, Cross-Asset & Quant Research at Societe Generale, for an investigation of the economic and market megatrends shaping the present and future, and how these trends might influence our progress to meeting 2050’s challenging global sustainability targets.
In each episode, Kokou deep dives into the events impacting the economy, financial markets, the planet, and society. Through a magical blend of personal anecdotes, in-depth research and narratives overlaid with music, sound effects, and pop culture references, there’s certainly something for everyone.
Kokou also interviews industry-leading experts, personalities, entrepreneurs and even Nobel prize winners! You will learn from the best on a wide range of subjects on current affairs, market shifts, and economic developments.
If you like 2050 Investors, please leave a five-star review on Apple Podcasts or Spotify. Your support will help us spread the word and reach new audiences. If you’re seeking a brief and entertaining overview of market-related topics and their business and societal implications, subscribe now to stay informed!
Previous episodes of 2050 Investors have explored ESG-influenced financial assets, climate change, AI, greenflation, smart cities, globalization, plastic pollution, food, health care, biodiversity, the energy transition, and more.
Credits
Presenter & Writer: Kokou Agbo-Bloua. Editor: Julien Moity, Vincent Nickelsen. Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer: Fanny Giniès. Sound Director: Antoine Larcher. Music: Rone. Graphic Design: Cedric Cazaly
Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
Previous Episode
Smart Cities: Evolution or Creation? A Helsinki Case Study into the future of Urban Development (ft. Mayor Juhana Vartiainen)
How can cities adapt to global warming? A recent UN report expects 68% of the world population to live in cities by 2050, compared to about 55% today. But the underlying truth is that cities are responsible for most greenhouse gas emissions, waste and pollution.
In this new episode of 2050 Investors, Kokou Agbo-Bloua explores the concept of smart cities and how they're revolutionizing urban living.
Are they simply the result of an intelligent designer or if there are more complex evolutionary forces at play?
Join Kokou as he digs into the concept of smart cities from Singapore to Helsinki, to understand what makes them 'smart'. Later in the episode, Mayor Juhana Vartiainen of Helsinki shares his vision for sustainable cities, emphasizing their role in improving citizens' lives through digital services and sustainable growth. He also highlights Helsinki's proactive approach to utilizing data for efficient governance, exemplified by initiatives like proactive preschool enrollment and vaccination outreach.
Vartiainen underscores the importance of balancing efficiency with quality of life, aiming for a city where people feel comfortable and safe. Moreover, he addresses Helsinki's commitment to combat climate change, with plans to achieve carbon neutrality by 2030 and innovative solutions for sustainable heating. Looking ahead, Vartiainen envisions Helsinki as an international, dynamic city that prioritizes inclusivity, arts, culture, and quality public services.
By tuning into this episode, you'll gain valuable insights into the fusion of technological innovation and emotional intelligence in urban planning. With a focus on Helsinki's journey, discover how smart cities are paving the way for a brighter, more interconnected future. Whether you're interested in sustainability, urban innovation, or global trends in governance, this episode will offer you a wealth of knowledge.
About this show
Welcome to 2050 Investors your monthly guide to understanding the intricate connections between finance, globalisation, and ESG.
Join host Kokou Agbo-Bloua, Head of Economics, Cross-Asset & Quant Research at Societe Generale, for an investigation of the economic and market megatrends shaping the present and future, and how these trends might influence our progress to meeting 2050’s challenging global sustainability targets.
In each episode, Kokou deep dives into the events impacting the economy, financial markets, the planet, and society. Through a magical blend of personal anecdotes, in-depth research and narratives overlaid with music, sound effects, and pop culture references, there’s certainly something for everyone.
Kokou also interviews industry-leading experts, personalities, entrepreneurs and even Nobel prize winners! You will learn from the best on a wide range of subjects on current affairs, market shifts, and economic developments.
If you like 2050 Investors, please leave a five-star review on Apple Podcasts or Spotify. Your support will help us spread the word and reach new audiences. If you’re seeking a brief and entertaining overview of market-related topics and their business and societal implications, subscribe now to stay informed!
Previous episodes of 2050 Investors have explored ESG-influenced financial assets, climate change, AI, greenflation, smart cities, globalization, plastic pollution, food, health care, biodiversity, the energy transition, and more.
Credits
Presenter & Writer: Kokou Agbo-Bloua. Editor: Julien Moity, Vincent Nickelsen. Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer: Fanny Giniès. Sound Director: Antoine Larcher. Music: Rone. Graphic Design: Cedric Cazaly
Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
Next Episode
War and Peace: Impacts of Ukraine Conflict on Global Markets | Financial landscapes, Geopolitics, Energy transition
What impact has the war in Ukraine had on the economy? From Covid-19 pandemic to an inflation outbreak, from recession to stagflation fears and finally from peace to war; 2022 is barely six months old but has proven to be quite a challenging year already.
This episode dissects the far-reaching impacts of the Ukraine conflict on global markets, sustainability efforts and financial landscapes. Despite the optimism that dawned at the onset of 2022, fueled by hopes of economic resurgence post-pandemic, the world finds itself grappling with unforeseen challenges. As inflation surges and consumer-led recession fears loom, central banks scramble to contain the fallout, injecting interest rate hikes and tightening measures.
Amidst this tumultuous landscape, sustainability emerges as a focal point. The urgency to transition to renewable energy intensifies, propelled by the need to mitigate the energy crisis exacerbated by geopolitical tensions. Yet, as nations consider this transition, the specter of stagflation looms large, casting shadows over long-term financial implications.
Kokou Agbo-Bloua questions the feasibility of achieving the Paris Agreement goals amidst the current turmoil. As global greenhouse gas emissions veer off track, the imperative for decisive action grows stronger. His investigation underscores the imperative for concerted global efforts. From the war-torn streets of Ukraine to the sweltering heatwaves in India, the need for sustainable solutions has never been more pressing.
Listening to this episode, you’ll get a comprehensive analysis of the economic landscape amidst geopolitical unrest, offering a nuanced understanding of the current global situation. You’ll also get a better understanding of market dynamics and the sustainability challenges that lay ahead!
About this show
Welcome to 2050 Investors your monthly guide to understanding the intricate connections between finance, globalisation, and ESG.
Join host Kokou Agbo-Bloua, Head of Economics, Cross-Asset & Quant Research at Societe Generale, for an investigation of the economic and market megatrends shaping the present and future, and how these trends might influence our progress to meeting 2050’s challenging global sustainability targets.
In each episode, Kokou deep dives into the events impacting the economy, financial markets, the planet, and society. Through a magical blend of personal anecdotes, in-depth research and narratives overlaid with music, sound effects, and pop culture references, there’s certainly something for everyone. You will learn from the best on a wide range of subjects on current affairs, market shifts, and economic developments.
If you like 2050 Investors, please leave a five-star review on Apple Podcasts or Spotify. Your support will help us spread the word and reach new audiences. If you’re seeking a brief and entertaining overview of market-related topics and their business and societal implications, subscribe now to stay informed!
Previous episodes of 2050 Investors have explored ESG-influenced financial assets, climate change, AI, greenflation, smart cities, globalization, plastic pollution, food, health care, biodiversity, the energy transition, and more.
Credits
Presenter & Writer: Kokou Agbo-Bloua. Editor: Julien Moity, Vincent Nickelsen. Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer: Fanny Giniès. Sound Director: Charles de Cillia. Music: Rone. Graphic Design: Cedric Cazaly
Source : Conference “Resource availability: strategic materials for a low carbon future” by Lord Nicholas Stern in Oxford, 2017 (Source : Veolia Institute)
Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
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