Executives at Munich Re say the company is aiming to “push the boundaries of insurability” in its efforts to help understand and mitigate the impacts of climate change.
Speaking at a briefing during the 2022 RVS event in Monte Carlo last week, leaders at the German reinsurance company said they see the potential for a significant business opportunity as businesses transition towards climate neutrality.
They pointed towards an “investment surge” indicated by IEA figures, which show that global investment in renewable energies for the generation of electrical power alone would need to triple from 2022 onwards to around $1,300 billion annually by 2030 for the objective of net-zero carbon neutrality to be met before 2050.
