Climate change greatest strategic risk to insurance industry

REGULATORY NEWS

NEW YORK - Climate change and demographic change are the greatest strategic risks facing the global insurance industry, according to an annual survey carried out by Ernst & Young.

The study, Strategic Business Risk 2008, identified the top 10 risks in three areas: macro, sector-specific and operational threats. The top 10 risks are: climate change, demographic shifts in core markets, catastrophic events, emerging markets, regulatory intervention, channel distribution, integration of technology

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