The Importance of Climate Change in Risk Management

The head of corporate climate center at Munich, Greece speaking to you. Ernst Routh says 80 to 90 percent is down to weather and that a third of all of the losses in the first half of this year we're not down to actually a single weather event but just more powerful storms over in the United States. He also wants to talk about the risk not just of insurance prices going up but basically parts of the world becoming uninsurable. What's the risk for the insurable portions of the world where you just cannot make an assessment or it's just too risky?