Mitigating the impact of climate change in insurance and other financial services
IBM Big Data Hub
MARCH 25, 2024
The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 These climate events have a huge potential impact on financial institutions. Across the financial sector, there are transition risks to consider as we move to a low-carbon economy.
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