Resilience & Sustainability

Expect even more AI than you saw in 2024, powering search engines; agentic AI; smaller, more precise generative AI models; robotaxis and robots. And that's just for openers. 

As extreme weather events increase in frequency and intensity, they don't just affect the environment but also the operational viability of businesses. 

The winners of the Global Innovation Awards, which the International Insurance Society and ITL handed out last week, suggest a revealing theme. 

Earth observation technology emerges as a crucial tool in predicting and fighting wildfires.

As coral reefs face unprecedented bleaching events, parametric insurance emerges as a vital tool for protecting ecosystems.

With a president-elect who talks about the "climate hoax," insurers can play a key role in ensuring that progress continues on resilience in the face of climate change. 

While climate discussions often focus on the indirect effects of rising temperatures, such as intensifying hurricanes and wildfires, some innovators think we can write insurance covering the direct effects on people and property. 

The Mediterranean shines the spotlight on the vulnerability of food supply chains to droughts, which are predicted to become more prevalent under climate change.