How geography impacts insurance industry in

Shutterstock Smog lies over the skyline of Shanghai, China. The first part, focused on green bond strategies for climate adaption, may be found here. These risks are interconnected and can exacerbate many other risks, such as domestic and regional conflict as well as involuntary migration. According to the report, every environmental risk that was assessed has become more prominent, each rising above the average on both scales of likelihood and impact.

How geography impacts insurance industry in

The two oil price hikes of the s shocked many countries into saving money by promoting conservation measures, switching to other fuels, and raising overall energy efficiency. These events demonstrated the importance of energy pricing policies that take into account their current stock, depletion rates, availability of substitutes, and any unavoidable environmental damage associated with their extraction or processing.

WOA! - Impacts and Carrying Capacity

They also indicated the potential of similar pricing policies for other raw materials. I think there must be a persistent push, a persistent effort towards establishing some kind of international code for areas of technologies having high environmental risks.

How geography impacts insurance industry in

At the moment not many in Indonesia would be considered as very knowledgeable industries. We need also this kind of thing in order to guarantee some kind of minimum safety for countries like ours to develop within the context of international economic relations.

Some have referred to these processes as the increasing 'de-materialization' of society and the world economy. Yet even the most industrially advanced How geography impacts insurance industry in still depend on a continued supply of basic manufactured goods.

Whether made domestically or imported, their production will continue to require large amounts of raw materials and energy, even if developing countries progress rapidly in the adoption of resource-efficient technologies. To sustain production momentum on a global level, therefore, policies that inject resource efficiency considerations into economic, trade, and other related policy domains are urgently needed, particularly in industrial countries, along with strict observance of environmental norms, regulations, and standards.

Promises and Risks of New Technologies Technology will continue to change the social, cultural, and economic fabric of nations and the world community.

With careful management, new and emerging technologies offer enormous opportunities for raising productivity and living standards, for improving health, and for conserving the natural resource base.

Many will also bring new hazards, requiring an improved capacity for risk assessment and risk management. Information technology based chiefly on advances in micro-electronics and computer science is of particular importance.

Coupled with rapidly advancing means of communication, it can help improve the productivity, energy and resource efficiency, and organizational structure of industry. New materials such it fine ceramics, rare metals and metal alloys, high-performance plastics, and now composites allow more flexible approaches to production.

They also contribute to energy and resource conservation, as in general they require less energy to manufacture and, being lighter, contain less matter than conventional materials. Biotechnology will have major implications for the environment.

The products of genetic engineering could dramatically improve human and animal health. Researchers are finding new drugs, new therapies, and new ways of controlling disease vectors. Energy derived from plants could increasingly substitute for non-renewable fossil fuels.

How the Insurance Industry Is Dealing With Climate Change | Science | Smithsonian

New high-yield crop varieties and those resistant to unfavourable weather conditions and pests could revolutionize agriculture.

Integrated pest management will become more common. Biotechnology could also yield cleaner and more efficient alternatives to many wasteful processes and polluting products.

New techniques to treat solid and liquid wastes could help solve the pressing problem of hazardous waste disposal. Advances in space technology, now the almost exclusive domain of industrial countries, also hold promise for the Third World, even for agriculture-based economies.


Weather forecasting services provided through a satellite and communications network can help farmers in deciding when to plant, water, fertilize, and harvest crops. Remote sensing and satellite imagery could facilitate optimal use of the Earth's resources, permitting the monitoring and assessment of long-term trends in climatic change, marine pollution, soil erosion rates, and plant cover.

These new technologies and the Green Revolution blur the traditional distinctions between agriculture, industry, and services. And they make it possible for developments in one sector to more radically affect those in another.


Agriculture has become virtually an 'industry' in developed countries. Agriculture-related services - especially for regional weather forecasting, storage, and transport - are becoming ever more important.

New techniques of tissue culture and genetic engineering could soon generate plant strains able to fix nitrogen from the air, a development that would drastically affect the fertilizer industry, but that would also reduce the threat of pollution by agrochemicals. The chemical and energy industries are moving increasingly into the seeds business, providing new seeds that meet specific local conditions and requirements - but that may also need specific fertilizers and pesticides.

Here research and development, production, and marketing need to be carefully guided so as not to make the world even more dependent on a few crop varieties - or on the products of a few large transnational Yet new technologies are not all intrinsically benign, nor will they have only positive impacts on the environment.

The large-scale production and widespread use of new materials, for example, may create hitherto unknown health hazards such as the use of gallium arsenate in the microchip industry.

The need for caution in introducing a new technology is reinforced by the experience of the Green Revolution, which, despite formidable achievements, raises concerns over dependence on relatively few crop strains and large doses of agrochemicals.

New life forms produced by genetic engineering should be carefully tested and assessed for their potential impact on health and on the maintenance of genetic diversity and ecological balance before they are introduced to the market, and thus to the environment.Climate Change and its Impact on the Insurance Industry by John G.

Nevius and Robert M. Horkovich | February 3, at am It may be hard for people who experienced a polar vortex to believe, but was the hottest year ever globally.

The Oceans

in the Global Insurance Industry September Evolving Insurance Risk and Regulation Preparing for the future - Chapter 5.

1 on the impacts of climate change on the UK insurance industry.1 The messages in this report are not unique to the UK and can also. The American Community Survey (ACS) helps local officials, community leaders, and businesses understand the changes taking place in their communities. It is the premier source for detailed population and housing information about our nation.

How geography impacts insurance industry in

In June, the Geneva Association, an insurance industry research group, released a report (PDF) outlining evidence of climate change and describing the new challenges insurance companies will face.

But if you’re wondering how mobile impacts the insurance industry in , well, the insurance industry is no exception, particularly since the field is more competitive than ever and people are commonly using technology to shop .

The University of Alberta has partnered with Coursera to develop highly-engaging and rigorous versions of Massive Open Online Courses (MOOCs) to the general public as well as for-credit for UAlberta students and potentially for other students in other institutions.

Heavy industry - Wikipedia