Mitigating the impact of climate change in insurance and other financial services
IBM Big Data Hub
MARCH 25, 2024
In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.
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