The $5 trillion global insurance industry’s natural disaster problem

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Extreme weather events are becoming more frequent, and more costly.

According to one estimate, natural disasters caused about $340 billion in damage across the world in 2017. And insurers had to pay out a record $138 billion. The $5 trillion global insurance industry plays a huge role in the U.S. economy. Insurance spending in 2017 made up about 11 percent of America’s GDP.

So, how will insurance companies remain profitable in an era of climate change? And what does that mean for the rest of us?


Sheikh Zayed's great-granddaughter issues climate change warning

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President Sheikh Khalifa’s granddaughter is calling on all people to tackle climate change, cut pollution and reduce single-use plastics.

In an exclusive interview with The National, Sheikha Shamma bint Sultan bin Khalifa Al Nahyan also reflected on the environmental legacy of her great-grandfather, Sheikh Zayed, the ingenuity of the people who lived here before the oil boom and the UAE’s responsibility as a fossil-fuel-producing nation.

World Economic Forum Mena 2019: Abu Dhabi climate talks will focus on health and youth, Environment Minister says

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The future impact on the region’s health and youth will be the focus of critical United Nations discussions on the global threat of climate change being held in Abu Dhabi this summer, the UAE’s environment minister said.

In June, the UAE will host the preparatory conference for the UN 2019 Climate Summit (Cop25).

Pakistan’s biggest threat isn’t terrorism, it’s climate change

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For decades, Pakistan has struggled to manage urgent crises, ranging from infrastructure woes to terrorism. While its policies focus on short-term conventional threats, a potentially devastating danger lurks in the shadows: Climate change. As the impact of global warming continues to grow, the political and economic instability it brings will threaten Pakistan’s security. The Pakistani government must prioritise its response to climate change in order to mitigate environmental threats and prevent future calamities.