Author: Kavit Khagram
Climate risk is a difficult thing to account for at the best of times, but a combination of a hard insurance market, a post-pandemic economic shock and the current inflationary environment in many parts of the world is making it even trickier.
In such uncertain times, public-sector authorities need a clear resilience strategy and a robust approach to financial risk management — as well as long-term partnerships with providers of climate and disaster risk finance and insurance.