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Climate Change 2007: "International Insurance Conference":
Climate Change is the most significant threat facing mankind today with far reaching implications for dramatic change across the public sector, commerce and the lives of individuals throughout the world. It is estimated that 200 million more people will become permanently displaced due to rising sea levels, heavier floods, and more intense droughts by 2050. Catastrophe Risk Management, Insurance Times and Global Reinsurance the industry-leading media brands for Insurance and Reinsurance, are proud to present Climate Change 2007 aimed at addressing the implications for industry participants and how we should respond.
A unique event has been designed to ensure decisionmakers in insurance and reinsurance have a clear understanding of the issues, and crucially we will detail key opportunities for proactive and profitable management of climate change.
How will your business, and your competitors, and those you do business with change rise to the challenge?
How will your customers’ businesses and lives change and what will this mean for you?
Climate Change 2007 will be a groundbreaking conference, bringing together some of the leading experts from the fields of commerce, politics, science and think tanks groups, as well as key representatives from the insurance and reinsurance sectors.
Scientists say that by 2050 global emissions of greenhouse gases need to be reduced to about 40% of what they were in 1990 if the world is to avoid a 2 degrees centigrade rise in average temperature, deemed the threshold for dangerous climate change, which would see widespread flooding, extreme weather events and drought. The decisions we make now will directly impact the environment of the future.
Shape the future now, or prepare to deal with a much riskier world.
Climate Change 2007 - the proactive and profitable management of climate change has grown organically from the highly successful Insurance Times' Forces of Nature event, which brought together just over 200 delegates in March 2006.
With the financial - and in particular, the insurance - industry being a driving force to tackle climate change, Climate Change 2007 aims to change preconceptions, provide practical solutions, demonstrate business opportunities, and inform and unify the European and Global insurance community.
Global warming is no longer just talked about among scientists. Hotter summers, devastating floods and an increased number of destructive hurricanes are stark warning signs that our climate is already changing. Events like Hurricane Katrina pose a previously unprecedented threat to the insurance industry. At the same time, climate change provides vast new business opportunities.
This conference will bring together thought-leaders and senior decision-makers from politics, science and the insurance industry to discuss the proactive and profitable management of Climate Change. We are aiming to further society's understanding of climate change and press forward solutions to minimise its impact.
Will the next five years see insured losses from a single storm top $100bn?
Will 200 million more people become permanently displaced due to rising sea levels, heavier floods, and more intense droughts by 2050?
Could a 5% increase in hurricane wind speeds double the amount of damage caused? Is a £30bn European windstorm loss on the cards? Will flood damage for the east coast of England hit £16bn by 2040?
Do the potential consequences of climate change threaten the insurance industry’s ongoing ability to provide affordable capacity?
Based on current climate change studies the answer to all of these questions is yes.
Climate Change 2007, on 12-13 March at the Grange City Hotel in London, brings together an unparalleled spectrum of thought-leaders and senior decision-makers to provide insight into the proactive and profitable management of climate change.
Panel discussions will tackle:
• The insurer’s response to climate change
• Incorporating climate change into underwriting strategies
• Making climate change adaption strategies part of best practice
• Climate change from an investor’s perspective
• Gaining a competitive edge in tackling climate change
Why you should be there:
Aimed at senior representatives and decision-makers from the International Insurance and Reinsurance arenas, Climate Change 2007 aims to change preconceptions, illustrate business opportunities, as well as provide an occasion to networking.
Key topics will include
• Climate Change in the 21st century
• Weather & climate in Megacities
• Impact of climate change on businesses and investors
• The underwriting impact of catastrophic events
• Flood risk management
• Emissions Trading & insurance
• Eco-friendly insurance products
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