Lloyd’s new data tool highlights vulnerability of the global economy to extreme weather

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today launched a systemic risk scenario that models the global economic impact of extreme weather events leading to food and water shocks, estimating the loss to be $5trn over a five year period.

11 October 2023

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The risk of global weather connections - Lloyd's

In weather and climate science, links between extreme weather events occurring in separate regions of the world, taking place over timescales from days to years, are known as teleconnections. The frequency and impacts of teleconnections take place are important for insurers, and particularly reinsurers, both of whom are required to hold a level of capital that adequately reflects their exposure to losses including material weather events.

19 March 2018

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Lloyd’s highlights risk of extreme space weather as latest scenario reveals potential global economic loss of $2.4trn

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has published its latest systemic risk scenario highlighting that the global economy could be exposed to losses of $2.4 trillion over a five-year period, with the expected loss of $17 billion from the threat of a hypothetical solar storm.

04 March 2025

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Drilling in extreme environments: challenges and implications for the energy insurance industry

The report, produced in consultation with a panel of experts from the Lloyd’s market, sets out nine key principles for addressing the issue of rising losses from extreme weather events and other natural catastrophes in the US.

27 September 2011

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New framework for climate-vulnerable countries reengineers approach to financing natural catastrophe response

Framework aimed at proactively protecting countries most vulnerable to rising sea levels and extreme weather events through a novel public-private investment approach

08 November 2021

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Catastrophe Modelling and Climate Change - Lloyd's

The potential for climate change to drive changes in the severity and likelihood of extreme weather events could have implications for the accuracy of natural catastrophe models. This report examines whether and how catastrophe models account for climate change through a series of case studies provided by a range of academic and commercial model providers.

19 March 2018

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The impact on the insurance industry

22 April 2026

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Economic impact - Lloyd's

30 July 2023

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Global risks - the next ten years - Lloyd's

Income disparity, extreme weather and the balkanisation of the internet are among the global risks on the agenda at Davos this year.

22 January 2014

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Keying climate change into catastrophe models - Lloyd's

Against a background of more frequent severe weather events, such as floods and windstorms, a new report from Lloyd’s highlights the importance of insurers ensuring that their catastrophe modelling tools keep pace with the effects of climate change.

28 May 2015

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