Climate change impacts on
life & health re/insurance

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After pandemic disease, there is no greater or more dynamic threat to human health than climate change. It will cause more extreme heatwaves, challenging health systems in countries prone to hot weather. Warmer weather in combination with increased humidity will likely cause tropical pathogens to migrate to currently more temperate areas. And severe drought conditions can lead to more frequent wildfires that cause air pollution, even in far-away regions.

These trends will have considerable impacts on re/insurers’ life & health business, but will also extend to workplace-related illnesses triggered by extreme heat and infectious diseases.

In 2021, Swiss Re Institute hosted three events with over 30 senior leaders from the global life & health insurance sector. The engagements clearly showed the need to develop forecasting models for health impacts under different climate change scenarios for the coming decades. The case was found to be strong and compelling, also on the need for awareness raising and partnering more effectively with all affected stakeholders.

Swiss Re therefore launched a research collaboration with the Lancet Countdown on health and climate change to develop such models. The first one is for air pollution and dengue fever.