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Aruvian's R'search presents Global Warming & the Insurance Industry - a new research report which analyzes the impact global warming and climate change is having on the insurance industry, which some say is the worst hit industry when it comes to battling and getting over the growing number of natural disasters.The research report looks at the cause and effect of Global Warming, the technicalities of the Kyoto Protocol, Global Climate Models, the economics of global warming, and then moves on to analyze the impact of global warming on the insurance industry. This is analyzed through growth drivers, issues facing the industry when it comes to global warming, the various action models the insurance industry is following in order to combat global warming, and much more. An analysis of the major insurers which are involved in the global warming debate such as Swiss Re, Munich Re, etc., is also included in the report.

In China, an estimated 200 million people are impacted by natural catastrophes every year. The rising number of severe weather-related natural catastrophes, also due to climate change, is increasing losses and impacting economic development.

“Due to its exposure to all weather-related perils, its large population and the fast growth in economic values, China is especially affected by climate change – and will be even more so in the future,” said Prof. Peter Höppe, Head of Geo Risks Research at Munich Re . “Over the last 30 years, Asia has been the continent with the largest increase in frequency of weather-related disasters. Loss-relevant events have tripled in number, which presents new challenges for all exposed economies.

Over the last century, with a rise of more than 1°C, Asia has been the continent with the largest temperature increase.

CoreLogic® Finds More Than $234 Billion in Residential Storm Surge Exposure in 13 U.S. Cities

Eight of the 12 most expensive disasters in U.S. history have occurred since 2004, Munich Re said. Weather-related catastrophes have increased at a faster rate than geophysical events, he said. “Global warming has already and will in the future contribute to the increase in the probability of these events,” he said.

“Over the last 30 years, Asia has been the continent with the largest increase in frequency of weather-related disasters. Loss-relevant events have tripled in number which presents new challenges for all exposed economies.”

Alluding to the impact of climate change and its impact, Munich Re said that over the last century, the Asian continent has seen the largest temperature increase.