Industrial Engineering and Management
Vol. 34 No. 02 (2019): Proceedings of the Faculty of Technical Sciences
CLIMATE RISKS AND THEIR IMPACT ON THE INSURANCE INDUSTRY
Abstract
We are the witnesses of the daily catastrophic events that arise as a result of climate change and affect the quality of life around the world. Climate change is considered as one of the biggest threats to humanity and nature. The climate was always changing and constantly keep changing. This paper will review some catastrophic events over the last 50 years that have been created as a result of climate change, as well the affects and consequences of climate change on humanity and effects on insurance and reinsurance companies.
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