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Climate change a strategic issue: Munich Re

22 June 2010

The growing number of severe natural catastrophes is giving rise to greater loss potential, while combating climate change is opening up new business segments and creating opportunities for the insurance industry, according to Munich Re.

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The growing number of severe natural catastrophes is giving rise to greater loss potential, while combating climate change is opening up new business segments and creating opportunities for the insurance industry, according to Munich Re.

At a two-day climate change summit in Shanghai, Munich Re highlighted the risks of climate change and the business opportunities from adaptation to and mitigation of the new risk environment. Climate change and its consequences are a strategic issue for the reinsurer, as they directly impact its core business, says Munich Re.

In China, an estimated 200 million people are affected by natural catastrophes every year. The...


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For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

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If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield