In order to adapt to climate change and the changing risk landscape, it is necessary to cut through [the]noise and focus on objective decisions to mitigate both the financial and social risks associated with climate change, says Johnny Chan, director of the Guy Carpenter Asia-Pacific Climate Impa
According to a recent Guy Carpenter climate change report, which is based on data from the Intergovernmental Panel on Climate Change (IPCC), economic losses from climate catastrophes increased from $75.5 billion in the 1960s to $660 billion in the 1990s, with a significant increase in the values of
Coastal flooding from sea level rise is the most serious climate-related threat, says Guy Carpenter, with a one-to-two foot expected rise by the end of this century compounding the severity of cyclones, tsunamis and hurricanes.
Inland flooding from increased precipitation, Guy Carpenters second-named climate change threat, will tax aging storm water management systems that are poorly equipped to handle major water influx and open the floodgates to urban flooding. Adaption to this threat must include attention to storm wat
