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Greg Lowe, an official at U.K.-based insurance broker Aon P.L.C., said that corporations are increasingly facing regulatory pressure to manage climate risks and insurers need to create new products to tap into the opportunity, Artemis.bm reports. Mr. Lowe said that insurance brokers, risk consultants, insurers, and reinsurers need to collaborate to develop products such as parametric weather cover to help companies manage climate risk.