Analysts predict $183bn increase in property insurance costs by 2040 due to climate change

Cecilia Keating
clock • 2 min read
Floods in the Belgian village of Tiff on 16 July, 2021 | Credit: Régine Fabri, Wikimedia Commons
Image:

Floods in the Belgian village of Tiff on 16 July, 2021 | Credit: Régine Fabri, Wikimedia Commons

Swiss Re warns property premiums are set to skyrocket as insurers contend with surge of 'weather-related catastrophes'

The growing frequency and severity of extreme weather events caused by climate change is set to send property insurance prices soaring over the next 20 years, Swiss Re has warned. In a report published...

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