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Climate Change Risks Need to Be Reviewed: Howden

A study by Howden, a global insurance group, in conjunction with the University of Cambridge shows that many small and vulnerable countries face a loss of more than 100% of their GDP

According to Howden, a global insurance group, in the face of the climate transitions that are currently being experienced, it is necessary to review and evaluate risks. Above all, many small and vulnerable countries in the Pacific, Caribbean and Indian Oceans are facing a loss of more than 100 per cent of their GDP as a result of climate change, and that this figure will increase by 10 to 15 per cent by 2050.
“Risks need to be measured and assessed to provide vulnerable countries with financial security in the face of climate-related disasters,” Juan Carlos Mateo, Howden’s Property Engineering and Property Damage Manager.

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