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Climate biggest single opportunity for insurance: Lloyd’s CEO

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LONDON — Climate is the “ultimate systemic risk” and represents “the biggest single opportunity the insurance industry has ever seen,” according to the CEO of the centuries-old insurance market Lloyd’s.

In an interview with CNBC, John Neal, who heads up the British company, attempted to paint a picture of how his sector would operate going forward.

“We think of Covid as systemic risk — climate is the ultimate systemic risk, so this is our chance to show businesses, communities and even governments how we can help,” Neal, who was speaking at the COP26 climate change conference in Glasgow, Scotland, said last week.   

From floods and rising temperatures to cold snaps, the fallout from…



Source cnbc.com

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