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Re-Pricing Climate Risk
This chapter explores the implications of re-pricing climate risk on the insurance industry and the broader financial system, particularly as rising global temperatures lead to increased natural disasters. It discusses the inadequacies of current insurance risk modeling and the need for comprehensive revenue loss estimates while emphasizing the importance of resilience alongside decarbonization. The conversation also highlights innovative financial solutions and technological advancements that can create opportunities in managing climate risks, ultimately changing the narrative surrounding environmental challenges.