Parametric insurance helps minimise losses from climate-related disasters, to which Asia is particularly vulnerable. In Southeast Asia, this has been used to insure against typhoons, earthquakes, and crop losses.
Following widespread damage from April’s floods, experts say swift action will cement Dubai’s appeal as a migration destination for the rich. This week, a US$8 billion plan to approve the city's drainage system was approved.
But it is Singapore and Vietnam which have made the most progress in reaching climate goals over the past year, as the region grapples to meet US$1.5 trillion required to achieve 2030 emissions targets.
EB Studio
There are few to no companies immune to climate risks today. This is forcing organisations to rethink business plans to weather climate-related shocks. Early action and a future-focused corporate purpose could spare enterprises from the worst that lies ahead.