Swiss Re Sees Opportunities for Insurers in Carbon-Capture Push
- Insurers stand to be among biggest losers from climate change
- Swiss reinsurer publishes annual SONAR study of emerging risks
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Swiss Re AG isn’t waiting around to foot the bill from climate change.
The world’s second-largest reinsurer is pushing for the development of technologies to capture and store carbon dioxide, removing it permanently from the atmosphere. While this industry is “still in its infancy,” it could bring a “wealth of opportunities for insurance and investments,” according to the firm’s annual study of emerging risks.