Risk Sciences Colloquium – International Seminar on Climate Risks
Published 03 December, 2024
- Host: Korea Insurance Research Institute (KIRI), Pohang University of Science and Technology (POSTECH), Ewha Womans University, and Korea University
- Sponsor: General Insurance Association of Korea, Korean Reinsurance Company
- Topic: How can the insurance industry improve its climate risk management?
- Date: January 16, 2025, from 10:00 to 17:00
- Venue: Diamond Hall, Conference Center, The Federation of Korean Industries in Yeouido of Seoul
The event aims to evaluate how the insurance industry has responded to climate risks and explore effective strategies for climate risk management from international and multidisciplinary perspectives.
According to many climatologists and environmental engineers, the probability and scale of extreme weather events such as heavy rainfall, heatwaves, and typhoons are expected to increase due to mid- to long-term climate change. In a changing environment with increasing extreme weather events, it is necessary for the insurance industry to review its ability to respond to climate risks and reconsider its business portfolio to enhance resilience across society and contribute to sustainable economic growth.
- Part 1: We discuss the current response of the insurance industry to climate risks from the perspective of industry and financial authorities.
- Part 2: We invite prominent international and domestic researchers to explore where research on climate risks presently stands and how the insurance industry and academia can work together to develop climate risk management from multidisciplinary perspectives.
