ESG & Investing
Insurers Have a New Way to Make Money From Climate Risk
Companies aren’t just paying insurers to backstop them if a disaster strikes, they’re shelling out consulting fees to help prevent losses in the first place.
Tabea van Hasselt, a climate risk engineer at ZRS, points to dirt and pooled water on a roof during a risk evaluation of Katoen Natie's facilities in Antwerp, Belgium.
Photographer: Simon Wohlfahrt/Bloomberg
Ruben Torres Rico strode across a warehouse roof in Antwerp, Belgium, surveying the structure with a singular mission: to determine whether it could withstand the rising onslaught of fierce winds, summer heatwaves, and heavy rain—all harbingers of a warming planet.