Event Details
For years, the real estate and insurance sectors have operated in a stable, if imperfect, balance - asset owners managing risks while delegating a portion to insurers. Now, the climate crisis is starting to rain on that parade. Literally.
From Super Typhoon Mangkhut in 2018 to the record-breaking Black Rainstorms in 2023, extreme weather events are hitting Hong Kong harder and more often, driving up insured losses and testing the resilience of both industries. Globally, insurers have responded by raising premiums, tightening terms, or withdrawing capacity - creating a vicious cycle of increasing costs and raising the possibility of uninsurable assets. But it doesn't have to be this way.
Leading asset owners in Hong Kong are already investing in adaptation to reduce long-term climate risk. The question now is how insurers will evolve - rewarding proactive resilience rather than only reacting to past losses. The potential for a win-win is clear. Is it time to rethink the dynamic between risk and resilience?
Join us for an event where we discuss these issues, following on from a paper co-authored by Link, Marsh, and AXA, with speakers who will speak about how this topic can be approached in the changing climate.
