Swiss Re Sees Opportunities for Insurers in Carbon-Capture Push

June 4, 2020, 8:00 AM

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.

Insurers and reinsurers stand to be among the biggest losers from rising global temperatures that can destroy homes and businesses, uproot populations and make entire regions uninhabitable. The industry has a responsibility to “uphold awareness ...

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