Munich Re's Rauch Discusses Natural Disaster Figures for First Half of 2023

The video discusses a report on natural disasters, highlighting increased losses in 2023 due to severe storms, particularly in the US. It explores the impact of climate change on insurance costs, noting upward trends in weather-related losses. The discussion includes geographical risk analysis, focusing on areas like California and Europe. The video emphasizes the importance of affordability and prevention in insurance, addressing the role of inflation in pricing. The need for adaptation and vulnerability reduction is highlighted to maintain insurance affordability.

What challenges do societies face regarding the affordability of insurance in the context of climate change?

What role does prevention play in keeping insurance premiums affordable?

How does inflation impact the pricing of insurance for natural catastrophes?

What are the three components that determine the risk premium for natural catastrophes?