Exposure to climate risks threatens insurers’ earnings
Reprints
Analysts at Moody's Investors Service Inc. said that the Chinese insurers’ growing exposure to climate-related catastrophic events and decarbonization policies will negatively affect their earnings and capitalization if not managed well, Reinsurance News reported. The report noted that environmental risks are also becoming an increasingly important credit driver for Chinese insurers as their exposure to climate-related catastrophic events and decarbonisation policies grow.
