How good is the insurance industry today at underwriting long term climate risk? How could we know, today, where they’re pricing it wrong?
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And practically, for decade-scale risk, the underwriters are... implicitly betting on something akin to which SSP the world will follow? How does any of this work?
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Ryan Orbuch Retweeted David Roberts
Ryan Orbuch added,
David Roberts @drvoltsNew research from insurance giant Swiss:Re finds that climate change is going to whack a large chunk off global GDP -- a much, much larger chunk than it would take to decarbonize. https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html … pic.twitter.com/65V84HOrBC1 reply 1 retweet 4 likesShow this thread
Replying to @orbuch
their plan is to get bailed out when really bad events happen,
2:31 PM - 25 Apr 2021
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