Tag: climate change

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.

Greek FinTech Hellas Direct, a pioneering force in the InsurTech industry, has successfully completed a funding round, securing €30m.

The aviation sector, with its rich tapestry of innovations and challenges, has always mirrored the intricacies of our rapidly evolving world. From major incidents like 9/11 and the subsequent geopolitical challenges, to facing global health crises such as the COVID-19 pandemic and the growing demands of climate action, aviation has consistently proven its resilience.

We've been living through periods of extreme conditions for the past few years, with global pandemics, wildfires, flooding, ice storms, and the looming possibility of international conflict becoming alarmingly frequent. While we could easily brush these years off as a statistical anomaly, data analysis presents a starkly different narrative. It suggests that we are transitioning towards accepting these extremes as our new reality.

AXA XL, a division of AXA, with a prominent presence in the UK, has launched a new product - the Excess Emissions Insurance.

Kita, the world’s first carbon insurer, has closed a “heavily” oversubscribed pre-seed round on £350,000, which was led by seasoned investor Insurtech Gateway.

Zesty.ai, a predictive data analytics service for climate risk, has received $10m in venture debt from US spend management decacorn Brex.

Reinsurance startup Kettle has snared $25m in Series A funding to expand insurance coverage for those affected by wildfires in California.

Insurance broker Howden has claimed the insurance industry can act as a force for good against climate change following its publishing of a new climate report.

A report by global insurance firm AXA has found climate change was viewed as the top concern for both risk experts and the public in the UK.