01.04.2024Pablo Koch-Medina receives SNSF Grant

Climate risk: the unique role of insurers

Pablo Koch-Medina, Professor of Finance and Insurance and Head of the Department of Finance at the University of Zurich (UZH), together with Loriano Mancini, Professor of Finance at the Università della Svizzera italiana in Lugano (USI), receive Swiss National Science Foundation (SNSF) Grant.

Climate change is one of the most pressing issues that society at large is currently facing. In recent decades, the increasing frequency and severity of natural disasters, such as hurricanes, floods, droughts, or wildfires, have inflicted enormous and constantly growing human and economic losses.

While policymakers have put forward several initiatives to address climate change, insurers can still play a unique role in the global transition to net-zero greenhouse gas emissions. As major financial investors and unique providers of insurance coverage, insurers can tilt both invested assets and underwriting portfolio from carbon-intensive sectors to ecological ones. Consequently, carbon-intensive activities would become economically unviable, reducing climate risk.

More information

https://data.snf.ch/grants/grant/10000536

Swiss National Science Foundation