Could climate change make parts of the world uninsurable?
Insurance industry leaders and regulators have warned that rising temperatures, more intense storms and sea-level rise could make some regions too risky to insure at affordable prices.
When premiums rise sharply or insurers withdraw from high-risk areas, the burden shifts to homeowners, businesses and governments. That can affect property values, lending and financial stability more broadly.
The industry's response includes better risk modeling, support for adaptation measures such as flood defenses and stricter building standards, and public-private schemes that keep cover available. Reinsurers are central to these efforts because they carry much of the catastrophe risk at a global level.