Most weather events, although uncertain in terms of their exact timing and magnitude, are predictable....
Strengthening food security
There are already around 800 million people in the world suffering with hunger and a similar number malnourished. Tight food markets are not helped by an increasing global population, largely unfavourable climate change and a loss of agricultural land to growing cities.
Improving food productivity, farm resilience and food security are among the top political priorities for many governments. Re/insurance has a valuable role to play in improving food security, providing a potentially invaluable financial backstop for farmers facing a catastrophic loss event.