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International

China to establish insurance system to deal with climate-related hazards

November 15, 2016 Reprints

The Chinese government plans to establish an insurance system to deal with climate-related hazards as climate change increases the frequency and severity of typhoons, chinadialogue reports. Guo Peiyuan, general manager of SynTao Green Finance, a sustainable finance consultancy, has said that the majority of insurers have a limited understanding of climate change and green insurance, and the insurance industry has been slow to acknowledge the importance of sustainable development.

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China to establish insurance system to deal with climate-related hazards

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