Prince Charles launches a partnership with the global insurance industry to tackle climate change at Lloyd’s building in

The video discusses the importance of building climate-resilient infrastructure, particularly in regions most affected by climate change. It highlights the role of the insurance industry in managing climate risks and encourages innovation in coverage. The transition to a low carbon economy is seen as a significant opportunity, requiring a shift in investments. The speaker emphasizes the need to prioritize nature in our thinking to ensure the well-being of future generations.

Why is it beneficial to invest in climate risk resilient infrastructure?

• It increases immediate profits.

• It is a legal requirement.

• It attracts more tourists.

• It reduces future risks and costs.

What challenge does the insurance industry face due to climate change?

• Increased competition from banks.

• Decreasing number of insurers.

• New types of climate-related events.

• Lack of customer interest.

How can the insurance industry respond to climate change challenges?

• By reducing customer service.

• By increasing premiums.

• By innovating new products.

• By restricting coverage.

What is necessary for moving to a low-carbon world by mid-century?

• A seismic shift of investment into new sectors.

• A shift in consumer habits.

• More government regulations.

• Increased fossil fuel usage.

Why should nature be at the center of our thinking?

• To ensure the well-being of future generations.

• To improve technology.

• To increase economic growth.

• To reduce taxes.