Climate change fuelling surge in property insurance: Swiss Re

Acts of God? Climate change will drive demand for protection against rising seas and extreme weather events, says Swiss Re

Climate change will help propel a threefold surge in property insurance premiums over the coming two decades, according to a study published on Monday by Swiss Re.More frequent and stronger weather events, rising seas and wildfires driven by man-made changes to the world's climate will see demand for insurance protection for buildings and infrastructure grow faster than other segments of the industry, it said.

With more people living in cities and growing wealth in emerging economies, more homes, rail lines, power stations and other critical infrastructure will need protection.