Weather-related catastrophes like windstorms, floods and droughts have been increasing worldwide and will do so even more in the future, ttere is mounting evidence that global warming is contributing to the hazard situation. Agriculture is especially vulnerable to the changing weather patterns if no adaptation measures are taken (new seeds, production techniques). Proper insurance systems can help farmers to cope with the increasing volatility of their losses. Munich Re is the leading reinsurer worldwide for agro risks and offers its expertise to promote agro insurance systems in developing countries, tte Munich Re Foundation has been -and will continue to be - very active in promoting microinsurance systems.
tte insurance industry is quite powerful in supporting climate protection. It has a great potential to help raise awareness among decision-makers of the problems associated with global warming. By directing investments into companies and projects that promote renewable energies and sustainable processes, the insurance industry can help to reduce greenhouse gas emissions.
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