Position paper on climate adaptation and mitigation

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      <subfield code="a">Position paper on climate adaptation and mitigation </subfield>
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      <subfield code="a">Climate risk has long been on the insurance industry's agenda and it continues to evolve and pose new challenges and opportunities for the industry.  In terms of the impact of climate change, the trend in weather-related loss events is of great concern to many. The number of these events globally has tripled since the 1980s and this trend is exposing increased risks. Globally, losses continue a generally upward trajectory created by catastrophes and patterns of development and population concentrations in areas subject to natural catastrophes. In addition, temperatures are rising more rapidly than many expected and alarming biodiversity loss is being witnessed across the world. </subfield>
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