Near 60% of Bermuda P&C insurers have not adapted strategy for climate change
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Near 60% of Bermuda P&C insurers have not adapted strategy for climate change

Fiona Robertson
16 March 2021
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Bermuda Marina
Pleasure craft moored at the community of Flatts in Bermuda | onepony/Getty Images/iStockphoto

Most Bermudian insurers have not yet made major changes to business strategy as a result of climate change, but the vast majority have incorporated it into their risk management framework, according to a new survey released by the Bermuda Monetary Authority (BMA).

The survey found that 58.5% of P&C insurers and 76.7% of life insurers have not pursued a change to business strategy in response to climate change, but 81.5%

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