Climate-related risks are on the increase as climate change brings record-breaking temperatures, increased flooding, devastating wildfires and more powerful storms. Total catastrophic losses in the Asia-Pacific region and Africa reached around $91bn last year, up significantly on the previous year of $66bn, according to Munich Re.

Adapting to the new climate “norms” is crucial, and the key is building resilience.

• What is happening in the nat cat re/insurance market?
• Where is the current market in terms of covers, pricing, T&Cs and availability of insurance for extreme weather?
• How is the insurance industry looking to help Asian corporates improve their resilience?
• What is the role of parametric covers and captives in financing climate risks?