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Howden calls to unlock $1.5 trillion of pension capital for climate risk

October 21, 2021

As much as $1.5 trillion of pension fund and private capital could be unlocked to cover climate related risks and perils according to broking group Howden, which is calling on the risk transfer industry to “change insurance for (social) good.”

Howden has looked back to previous research that found that the size of the global pension fund market’s assets under management is far larger than the insurance and reinsurance industry, suggesting that if every pension put in an average allocation to insurance-linked securities (ILS) a huge $1.5 trillion could be available to support climate risk underwriting.

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