Daily Digest: Re/insurers warn of climate tipping point, UK Club demands rate hike, IGI’s Jabsheh on reinsurance

Catch up on the essential news and analysis from the Insurance Day experts

Re/insurers warn of climate tipping point Leading players in the global re/insurance sector agree with the head of the United Nations that the world is unlikely to meet one of the major goals of the Paris Agreement. Countries had agreed to substantially reduce global greenhouse gas emissions to enable an increase in long-term global average surface temperature to be kept well below 2°C (above pre-industrial levels) and pursue efforts to limit it to 1.5°C. Should the world miss the 1.5°C target, insurance experts warn the industry could struggle to provide adequate protection against worsening risks.